Golden State Equity Partners Invests $304,000 in IES Holdings, Inc. $IESC

Golden State Equity Partners purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,025 shares of the technology company’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of IES by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,681 shares of the technology company’s stock worth $941,000 after purchasing an additional 191 shares during the last quarter. Millennium Management LLC raised its stake in IES by 650.6% during the 4th quarter. Millennium Management LLC now owns 25,462 shares of the technology company’s stock worth $5,117,000 after buying an additional 22,070 shares during the period. Nuveen Asset Management LLC raised its stake in IES by 36.8% during the 4th quarter. Nuveen Asset Management LLC now owns 35,315 shares of the technology company’s stock worth $7,097,000 after buying an additional 9,491 shares during the period. ProShare Advisors LLC raised its stake in IES by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 2,317 shares of the technology company’s stock worth $466,000 after buying an additional 762 shares during the period. Finally, Tidal Investments LLC raised its stake in IES by 26.6% during the 4th quarter. Tidal Investments LLC now owns 2,107 shares of the technology company’s stock worth $423,000 after buying an additional 443 shares during the period. 86.60% of the stock is currently owned by institutional investors.

IES Stock Performance

IESC opened at $387.31 on Wednesday. The business’s 50-day moving average price is $348.18 and its two-hundred day moving average price is $272.62. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $391.97. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 29.59 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.40. IES had a return on equity of 37.23% and a net margin of 8.15%.The firm had revenue of $890.20 million for the quarter, compared to the consensus estimate of $833.00 million.

Analysts Set New Price Targets

Separately, Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th.

Insider Activity

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of IES stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $380.74, for a total value of $2,593,220.14. Following the sale, the chairman owned 10,769,717 shares of the company’s stock, valued at $4,100,462,050.58. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 145,837 shares of company stock valued at $53,984,109. 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.