IES Holdings, Inc. (NASDAQ:IESC) VP Sells $715,575.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) VP Mary K. Newman sold 2,500 shares of IES stock in a transaction dated Wednesday, November 27th. The shares were 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 of the company’s stock, valued at $5,234,001.78. The trade was a 12.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

IES Stock Performance

IES stock opened at $309.86 on Friday. The stock has a market cap of $6.19 billion, a P/E ratio of 31.40 and a beta of 1.37. IES Holdings, Inc. has a fifty-two week low of $68.78 and a fifty-two week high of $318.99. The firm’s fifty day moving average price is $233.94 and its 200-day moving average price is $181.58.

IES announced that its Board of Directors has initiated a share buyback plan on Friday, August 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IESC. Federated Hermes Inc. lifted its position 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 purchasing an additional 194 shares during the last quarter. Quest Partners LLC raised its position in shares of IES by 41.0% during the 2nd 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. Gladius Capital Management LP bought a new stake in shares of IES during the 3rd quarter worth $44,000. Contravisory Investment Management Inc. bought a new stake in shares of IES during the 2nd quarter worth $48,000. Finally, CWM LLC grew its position in IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after acquiring an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About IES

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.