Teacher Retirement System of Texas Grows Stake in IES Holdings, Inc. (NASDAQ:IESC)

Teacher Retirement System of Texas increased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,668 shares of the technology company’s stock after purchasing an additional 904 shares during the quarter. Teacher Retirement System of Texas’ holdings in IES were worth $766,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of IES by 1,078.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company’s stock worth $39,000 after purchasing an additional 539 shares in the last quarter. Acadian Asset Management LLC purchased a new position in IES during the 3rd quarter valued at approximately $41,000. SG Americas Securities LLC purchased a new position in IES during the 4th quarter valued at approximately $208,000. Peterson Wealth Services purchased a new position in IES during the 4th quarter valued at approximately $218,000. Finally, Alps Advisors Inc. purchased a new position in IES during the 3rd quarter valued at approximately $314,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity

In other news, COO Matthew J. Simmes sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total value of $2,387,280.00. Following the completion of the sale, the chief operating officer now directly owns 73,110 shares of the company’s stock, valued at approximately $12,466,717.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Matthew J. Simmes sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total value of $2,387,280.00. Following the completion of the sale, the chief operating officer now directly owns 73,110 shares of the company’s stock, valued at approximately $12,466,717.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Matthew J. Simmes sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the sale, the chief operating officer now directly owns 87,110 shares of the company’s stock, valued at $8,888,704.40. The disclosure for this sale can be found here. Insiders sold 47,513 shares of company stock valued at $6,186,467 in the last ninety days. Insiders own 59.19% of the company’s stock.

IES Price Performance

NASDAQ IESC opened at $158.67 on Friday. The stock has a market capitalization of $3.21 billion, a PE ratio of 23.93 and a beta of 1.31. IES Holdings, Inc. has a 1-year low of $46.46 and a 1-year high of $184.38. The business has a 50 day simple moving average of $135.31 and a two-hundred day simple moving average of $102.08.

Analyst Ratings Changes

Separately, StockNews.com upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Thursday.

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.