Farther Finance Advisors LLC Raises Holdings in IES Holdings, Inc. $IESC

Farther Finance Advisors LLC lifted its position in IES Holdings, Inc. (NASDAQ:IESC) by 54,800.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 549 shares of the technology company’s stock after buying an additional 548 shares during the period. Farther Finance Advisors LLC’s holdings in IES were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IESC. Rhumbline Advisers lifted its position in IES by 3.0% during the first quarter. Rhumbline Advisers now owns 12,663 shares of the technology company’s stock valued at $2,091,000 after purchasing an additional 366 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of IES by 162.5% in the first quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company’s stock worth $146,000 after purchasing an additional 546 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of IES by 35.6% in the first quarter. Annex Advisory Services LLC now owns 13,423 shares of the technology company’s stock worth $2,216,000 after purchasing an additional 3,522 shares during the last quarter. City State Bank increased its stake in IES by 127.6% during the first quarter. City State Bank now owns 1,195 shares of the technology company’s stock worth $197,000 after acquiring an additional 670 shares during the last quarter. Finally, Highland Capital Management LLC increased its stake in IES by 22.7% during the first quarter. Highland Capital Management LLC now owns 1,294 shares of the technology company’s stock worth $214,000 after acquiring an additional 239 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Performance

Shares of IESC opened at $388.91 on Friday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $404.27. The stock has a fifty day moving average price of $357.65 and a 200-day moving average price of $282.22. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The firm has a market cap of $7.72 billion, a PE ratio of 29.71 and a beta of 1.70.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.55 by $0.40. IES had a return on equity of 37.23% and a net margin of 8.15%.The firm had revenue of $890.20 million during the quarter, compared to analyst estimates of $833.00 million.

Insider Buying and Selling at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of IES stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total transaction of $20,752,560.00. Following the completion of the transaction, the chairman owned 10,801,028 shares in the company, valued at approximately $4,038,720,389.76. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 145,837 shares of company stock worth $53,984,109. Company insiders own 56.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.