Souders Financial Advisors Invests $241,000 in IES Holdings, Inc. (NASDAQ:IESC)

Souders Financial Advisors bought a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,209 shares of the technology company’s stock, valued at approximately $241,000.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of IES by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock worth $58,304,000 after buying an additional 43,634 shares during the last quarter. Renaissance Technologies LLC boosted its position in IES by 2.8% in the second quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock worth $25,990,000 after purchasing an additional 5,100 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in IES by 12.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock valued at $12,446,000 after purchasing an additional 9,942 shares during the period. Kennedy Capital Management LLC grew its stake in IES by 11.4% in the 1st quarter. Kennedy Capital Management LLC now owns 75,963 shares of the technology company’s stock valued at $9,240,000 after purchasing an additional 7,800 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of IES during the 2nd quarter valued at $9,558,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of IES from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

IES Stock Down 4.8 %

Shares of IESC stock opened at $266.36 on Thursday. The firm has a market cap of $5.32 billion, a P/E ratio of 31.37 and a beta of 1.37. The company has a 50 day moving average of $207.86 and a 200-day moving average of $172.61. IES Holdings, Inc. has a 12-month low of $63.19 and a 12-month high of $297.07.

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

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the completion of the transaction, the chief executive officer now owns 11,036,984 shares in the company, valued at $1,747,044,197.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of IES stock in a transaction on Monday, September 16th. The stock was sold at an average price of $160.20, for a total value of $5,982,989.40. Following the completion of the transaction, the chief executive officer now directly owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $158.29, for a total value of $7,575,917.69. Following the sale, the chief executive officer now directly owns 11,036,984 shares in the company, valued at $1,747,044,197.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,208 shares of company stock valued at $16,967,207. Company insiders own 59.19% of the company’s stock.

About IES

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.