Punch & Associates Investment Management Inc. boosted its stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC – Free Report) by 94.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 595,174 shares of the aerospace company’s stock after buying an additional 288,479 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Innovative Solutions and Support were worth $11,273,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Innovative Solutions and Support by 7,484.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 1,422 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $36,000. Bank of America Corp DE grew its position in shares of Innovative Solutions and Support by 589.9% in the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 7,792 shares during the last quarter. American Century Companies Inc. grew its position in shares of Innovative Solutions and Support by 21.9% in the second quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 2,228 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at approximately $160,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ISSC shares. Weiss Ratings lowered shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.25.
Innovative Solutions and Support Stock Down 5.0%
ISSC stock opened at $16.80 on Wednesday. The company’s 50 day simple moving average is $19.51 and its 200-day simple moving average is $20.14. The firm has a market capitalization of $300.55 million, a PE ratio of 17.87 and a beta of 0.61. Innovative Solutions and Support, Inc. has a 12 month low of $8.13 and a 12 month high of $30.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.23 and a quick ratio of 1.53.
Innovative Solutions and Support (NASDAQ:ISSC – Get Free Report) last announced its earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. The firm had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Equities analysts expect that Innovative Solutions and Support, Inc. will post 0.97 earnings per share for the current fiscal year.
Innovative Solutions and Support Profile
Innovative Solutions and Support, Inc (NASDAQ: ISSC) is a provider of technology solutions and mission support services to U.S. federal government agencies, with a focus on defense, intelligence, and national security programs. The company delivers integrated program management, systems engineering, and advanced IT infrastructure support designed to enhance operational readiness and maintain secure, scalable environments for mission-critical operations.
Its core service offerings include systems integration, custom software development, data analytics, cybersecurity, and logistics management.
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