525 Shares in IES Holdings, Inc. (NASDAQ:IESC) Acquired by City State Bank

City State Bank purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 525 shares of the technology company’s stock, valued at approximately $106,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC grew its holdings in IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after purchasing an additional 65,145 shares during the period. Royce & Associates LP grew its holdings in IES by 15.1% during the third quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock valued at $58,850,000 after purchasing an additional 38,783 shares during the period. State Street Corp grew its holdings in IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock valued at $41,909,000 after purchasing an additional 6,492 shares during the period. Geode Capital Management LLC grew its holdings in IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after purchasing an additional 623 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in IES by 2.8% during the second quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock valued at $25,990,000 after purchasing an additional 5,100 shares during the period. 86.60% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were 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 owns 18,286 shares in the company, 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 can be accessed through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock worth $7,341,029 over the last quarter. 59.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

IES Stock Down 1.1 %

IES stock opened at $221.89 on Tuesday. The stock has a market capitalization of $4.44 billion, a PE ratio of 22.44 and a beta of 1.52. IES Holdings, Inc. has a twelve month low of $78.53 and a twelve month high of $320.08. The company has a 50 day moving average of $249.40 and a 200-day moving average of $202.27.

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.