Precision Wealth Strategies LLC Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

Precision Wealth Strategies LLC purchased a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,045 shares of the technology company’s stock, valued at approximately $408,000.

A number of other large investors have also made changes to their positions in the company. Optimum Investment Advisors bought a new stake in IES in the 3rd quarter valued at $599,000. BlueSky Wealth Advisors LLC bought a new stake in IES in the 3rd quarter valued at $220,000. Creative Planning bought a new stake in IES in the 3rd quarter valued at $329,000. Annex Advisory Services LLC boosted its holdings in IES by 94.5% in the 3rd quarter. Annex Advisory Services LLC now owns 10,015 shares of the technology company’s stock valued at $1,999,000 after purchasing an additional 4,867 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of IES by 6.3% in the 3rd quarter. Ritholtz Wealth Management now owns 3,337 shares of the technology company’s stock valued at $666,000 after buying an additional 197 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Performance

Shares of IESC stock opened at $228.72 on Tuesday. IES Holdings, Inc. has a 52-week low of $59.75 and a 52-week high of $234.81. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 34.50 and a beta of 1.38. The firm has a fifty day moving average of $185.01 and a 200-day moving average of $158.37.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 earnings per share (EPS) for the quarter. The company had revenue of $768.40 million during the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%.

IES announced that its board has authorized a stock repurchase plan on Friday, August 2nd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the completion of the sale, the chief executive officer now owns 11,134,087 shares in the company, valued at $1,788,245,713.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $176.73, for a total value of $883,650.00. Following the completion of the sale, the chief financial officer now owns 64,377 shares in the company, valued at approximately $11,377,347.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the completion of the sale, the chief executive officer now owns 11,134,087 shares of the company’s stock, valued at $1,788,245,713.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,966 shares of company stock worth $26,003,099 in the last quarter. 59.19% of the stock is 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.