Moran Wealth Management LLC Has $683,000 Stake in IES Holdings, Inc. (NASDAQ:IESC)

Moran Wealth Management LLC lifted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 3,401 shares of the technology company’s stock after buying an additional 61 shares during the quarter. Moran Wealth Management LLC’s holdings in IES were worth $683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of IES during the fourth quarter valued at about $2,361,000. Smithfield Trust Co bought a new stake in IES in the 4th quarter valued at about $34,000. J.Safra Asset Management Corp raised its stake in IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after buying an additional 50 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in IES by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,457 shares of the technology company’s stock worth $16,370,000 after acquiring an additional 4,718 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in IES in the fourth quarter valued at approximately $74,000. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered IES from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th.

IES Trading Up 4.5 %

IESC opened at $169.55 on Wednesday. IES Holdings, Inc. has a 1-year low of $100.60 and a 1-year high of $320.09. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 15.79 and a beta of 1.57. The company’s fifty day moving average price is $217.97 and its two-hundred day moving average price is $220.35.

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

Insider Transactions at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 10,957,184 shares in the company, valued at $2,763,949,664. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the transaction, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. The trade was a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 56.76% 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.