Orion Portfolio Solutions LLC Buys Shares of 1,336 IES Holdings, Inc. (NASDAQ:IESC)

Orion Portfolio Solutions LLC purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,336 shares of the technology company’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IESC. Insigneo Advisory Services LLC acquired a new stake in IES during the 3rd quarter worth $299,000. State Street Corp increased its holdings in shares of IES by 3.2% in the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after acquiring an additional 6,492 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of IES during the third quarter worth about $631,000. Polar Asset Management Partners Inc. bought a new position in shares of IES during the 3rd quarter valued at about $3,453,000. Finally, Janus Henderson Group PLC grew its position in shares of IES by 2.3% in the 3rd quarter. Janus Henderson Group PLC now owns 29,973 shares of the technology company’s stock valued at $5,982,000 after purchasing an additional 687 shares during the period. 86.60% of the stock is owned by institutional investors.

IES Price Performance

IESC stock opened at $213.03 on Friday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 21.54 and a beta of 1.45. IES Holdings, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $320.08. The business has a 50-day moving average of $251.10 and a 200-day moving average of $191.70.

Insiders Place Their Bets

In related news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the transaction, the vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares in the company, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 in the last quarter. 59.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.