Axxcess Wealth Management LLC Acquires Shares of 3,782 IES Holdings, Inc. (NASDAQ:IESC)

Axxcess Wealth Management LLC acquired a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,782 shares of the technology company’s stock, valued at approximately $755,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. raised its stake in IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after buying an additional 194 shares in the last quarter. Quest Partners LLC raised its stake in IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of IES during the second quarter valued at approximately $48,000. CWM LLC grew its holdings in shares of IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after purchasing an additional 417 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of IES by 217.0% during the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock valued at $130,000 after purchasing an additional 729 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Trading Down 4.4 %

NASDAQ:IESC opened at $279.84 on Wednesday. The firm has a market capitalization of $5.59 billion, a PE ratio of 32.96 and a beta of 1.37. The stock has a 50 day moving average of $205.74 and a 200-day moving average of $171.95. IES Holdings, Inc. has a 52 week low of $61.31 and a 52 week high of $297.07.

IES announced that its board has approved a share buyback program on Friday, August 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

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

Insider Activity

In related news, Director David B. Gendell sold 10,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $187.26, for a total value of $1,872,600.00. Following the completion of the transaction, the director now directly owns 127,976 shares of the company’s stock, valued at $23,964,785.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $176.73, for a total value of $883,650.00. Following the completion of the transaction, the chief financial officer now directly owns 64,377 shares of the company’s stock, valued at $11,377,347.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David B. Gendell sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $187.26, for a total value of $1,872,600.00. Following the completion of the sale, the director now owns 127,976 shares of the company’s stock, valued at $23,964,785.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,208 shares of company stock valued at $17,850,857. 59.19% of the stock is currently owned by 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.