IES Holdings, Inc. (NASDAQ:IESC) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 106.9% in the second quarter, Holdings Channel.com reports. The fund owned 10,014 shares of the technology company’s stock after purchasing an additional 5,173 shares during the period. Victory Capital Management Inc.’s holdings in IES were worth $1,395,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in IES during the 1st quarter valued at about $48,000. Contravisory Investment Management Inc. acquired a new stake in shares of IES in the second quarter valued at approximately $48,000. CWM LLC increased its stake in shares of IES by 252.7% during 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. EntryPoint Capital LLC raised its position in shares of IES by 217.0% during 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 during the last quarter. Finally, Quest Partners LLC purchased a new stake in IES in the 4th quarter valued at approximately $134,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of IES stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 transaction, the chief executive officer now directly owns 11,134,087 shares in the company, valued at approximately $1,788,245,713.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 11,036,984 shares of the company’s stock, valued at $1,747,044,197.36. The disclosure for this sale can be found here. Insiders have sold a total of 160,966 shares of company stock valued at $26,003,099 in the last quarter. 59.19% of the stock is currently owned by company insiders.

IES Trading Up 10.9 %

IES stock opened at $183.65 on Friday. The stock has a market cap of $3.72 billion, a PE ratio of 27.70 and a beta of 1.38. The stock has a 50-day moving average price of $161.02 and a 200 day moving average price of $143.71. IES Holdings, Inc. has a 52 week low of $59.75 and a 52 week high of $196.05.

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

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.