Axxcess Wealth Management LLC Makes New $755,000 Investment in IES Holdings, Inc. (NASDAQ:IESC)

Axxcess Wealth Management LLC purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, HoldingsChannel reports. The firm purchased 3,782 shares of the technology company’s stock, valued at approximately $755,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. raised its position in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after acquiring an additional 194 shares in the last quarter. Quest Partners LLC raised its position in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after acquiring an additional 86 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in IES in the 2nd quarter worth about $48,000. CWM LLC increased its stake in IES by 252.7% in the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after purchasing an additional 417 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in IES by 217.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after purchasing an additional 729 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut IES from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

IES Trading Down 4.4 %

Shares of IESC opened at $279.84 on Wednesday. The business’s 50-day moving average price is $205.74 and its 200 day moving average price is $171.95. The stock has a market capitalization of $5.59 billion, a P/E ratio of 32.96 and a beta of 1.37. IES Holdings, Inc. has a 1-year low of $61.31 and a 1-year high of $297.07.

IES declared that its board has authorized a stock buyback plan on Friday, August 2nd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at IES

In other IES news, Director David B. Gendell sold 10,000 shares of IES stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the transaction, the director now owns 127,976 shares of the company’s stock, valued at $23,964,785.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other IES news, Director David B. Gendell sold 10,000 shares of IES stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the transaction, the director now owns 127,976 shares of the company’s stock, valued at $23,964,785.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of IES stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $158.29, for a total value of $7,575,917.69. Following the transaction, the chief executive officer now directly owns 11,036,984 shares in the company, valued at approximately $1,747,044,197.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,208 shares of company stock valued at $17,850,857 in the last 90 days. 59.19% of the stock is currently owned by corporate insiders.

IES Company 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.