Stifel Financial Corp Purchases Shares of 3,162 IES Holdings, Inc. (NASDAQ:IESC)

Stifel Financial Corp bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the 3rd quarter, Holdings Channel.com reports. The firm bought 3,162 shares of the technology company’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IESC. Summit Partners Public Asset Management LLC grew its holdings in IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after buying an additional 74,438 shares in the last quarter. FMR LLC raised its stake in IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after purchasing an additional 65,145 shares in the last quarter. F M Investments LLC purchased a new position in shares of IES in the 3rd quarter worth $10,887,000. Thrivent Financial for Lutherans bought a new position in shares of IES in the 3rd quarter valued at about $10,426,000. Finally, Apis Capital Advisors LLC purchased a new position in IES in the second quarter worth about $6,409,000. Institutional investors own 86.60% of the company’s stock.

IES Price Performance

Shares of NASDAQ IESC opened at $210.50 on Thursday. IES Holdings, Inc. has a 1 year low of $76.26 and a 1 year high of $320.08. The firm has a 50-day simple moving average of $250.16 and a two-hundred day simple moving average of $194.21. The company has a market cap of $4.20 billion, a P/E ratio of 21.28 and a beta of 1.45.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. The trade was a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the transaction, the vice president now directly owns 18,286 shares in the company, valued at $5,234,001.78. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,359 shares of company stock worth $7,341,029. 59.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES 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.