IES (NASDAQ:IESC) Stock Price Up 7.6%

IES Holdings, Inc. (NASDAQ:IESC) shares traded up 7.6% during trading on Tuesday . The company traded as high as $126.64 and last traded at $126.58. 78,332 shares changed hands during trading, a decline of 21% from the average session volume of 99,556 shares. The stock had previously closed at $117.68.

IES Price Performance

The stock has a 50-day simple moving average of $112.74 and a 200 day simple moving average of $87.87. The company has a market capitalization of $2.58 billion, a PE ratio of 24.38 and a beta of 1.34.

IES (NASDAQ:IESC) last posted its earnings results on Friday, February 2nd. The technology company reported $1.87 EPS for the quarter. The company had revenue of $634.40 million for the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $85.60, for a total value of $316,720.00. Following the sale, the chief executive officer now directly owns 11,500,233 shares in the company, valued at $984,419,944.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $85.60, for a total transaction of $316,720.00. Following the transaction, the chief executive officer now directly owns 11,500,233 shares in the company, valued at $984,419,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Et Al Gendell sold 23,110 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $89.59, for a total value of $2,070,424.90. Following the transaction, the chief executive officer now owns 11,474,625 shares in the company, valued at $1,028,011,653.75. The disclosure for this sale can be found here. Insiders have sold 116,294 shares of company stock worth $11,283,205 over the last three months. 59.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On IES

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. purchased a new position in IES during the first quarter worth about $1,692,000. Allspring Global Investments Holdings LLC increased its stake in IES by 5,687.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,794 shares of the technology company’s stock worth $218,000 after acquiring an additional 1,763 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in IES during the first quarter worth about $48,000. Quadrature Capital Ltd increased its stake in IES by 11.4% during the fourth quarter. Quadrature Capital Ltd now owns 16,537 shares of the technology company’s stock worth $1,310,000 after acquiring an additional 1,687 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in IES during the fourth quarter worth about $259,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.