IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC lowered its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,901 shares of the technology company’s stock after selling 114 shares during the quarter. Annex Advisory Services LLC’s holdings in IES were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IESC. American Century Companies Inc. boosted its stake in IES by 57.9% during the 2nd quarter. American Century Companies Inc. now owns 55,167 shares of the technology company’s stock valued at $7,686,000 after acquiring an additional 20,240 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after purchasing an additional 194 shares during the last quarter. Seven Eight Capital LP acquired a new position in IES in the second quarter worth about $611,000. XTX Topco Ltd increased its holdings in IES by 64.2% in the second quarter. XTX Topco Ltd now owns 4,314 shares of the technology company’s stock valued at $601,000 after buying an additional 1,686 shares during the last quarter. Finally, Gabelli Funds LLC bought a new stake in IES in the second quarter valued at about $209,000. Institutional investors own 86.60% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the transaction, the vice president now owns 18,286 shares of the company’s stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,359 shares of company stock valued at $7,341,029. Company insiders own 56.76% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

IES Price Performance

IES stock opened at $256.69 on Monday. IES Holdings, Inc. has a 12 month low of $80.86 and a 12 month high of $320.08. The company has a fifty day moving average price of $248.28 and a two-hundred day moving average price of $205.47. The company has a market cap of $5.14 billion, a PE ratio of 25.95 and a beta of 1.52.

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.