Convergence Investment Partners LLC Has $1.41 Million Position in IES Holdings, Inc. (NASDAQ:IESC)

Convergence Investment Partners LLC raised its position in IES Holdings, Inc. (NASDAQ:IESC) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,010 shares of the technology company’s stock after buying an additional 1,463 shares during the quarter. Convergence Investment Partners LLC’s holdings in IES were worth $1,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Andina Capital Management LLC grew its holdings in IES by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock valued at $498,000 after buying an additional 96 shares in the last quarter. CWM LLC grew its holdings in IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after buying an additional 100 shares in the last quarter. Peterson Wealth Services grew its holdings in IES by 1.2% in the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock valued at $1,630,000 after buying an additional 100 shares in the last quarter. KBC Group NV grew its holdings in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after buying an additional 138 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of IES by 1.4% during the 4th quarter. Rhumbline Advisers now owns 12,297 shares of the technology company’s stock valued at $2,471,000 after acquiring an additional 171 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Performance

NASDAQ:IESC opened at $225.66 on Wednesday. The stock has a fifty day moving average price of $230.27 and a 200-day moving average price of $219.41. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 21.01 and a beta of 1.52. IES Holdings, Inc. has a fifty-two week low of $95.47 and a fifty-two week high of $320.08.

IES (NASDAQ:IESC) last released its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Analyst Ratings Changes

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

Insider Buying and Selling

In other IES news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 in the last ninety days. 56.76% of the stock is owned by insiders.

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.