Y Intercept Hong Kong Ltd purchased a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,404 shares of the aerospace company’s stock, valued at approximately $1,918,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in Innovative Solutions and Support by 7,484.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after buying an additional 1,422 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Innovative Solutions and Support during the fourth quarter worth approximately $36,000. Bank of America Corp DE raised its stake 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 acquiring an additional 7,792 shares during the last quarter. American Century Companies Inc. raised its stake 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 acquiring an additional 2,228 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter worth approximately $160,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ISSC has been the topic of a number of research analyst reports. Weiss Ratings lowered Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Wall Street Zen downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Zacks Research lowered Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.25.
Innovative Solutions and Support Price Performance
Shares of ISSC stock opened at $18.48 on Friday. Innovative Solutions and Support, Inc. has a 1 year low of $8.13 and a 1 year high of $30.94. The company has a current ratio of 3.23, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $17.99 and its 200-day moving average is $20.93. The firm has a market capitalization of $330.66 million, a price-to-earnings ratio of 19.66 and a beta of 0.60.
Innovative Solutions and Support (NASDAQ:ISSC – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, beating 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 business had revenue of $22.37 million during the quarter, compared to analyst estimates of $21.59 million. Sell-side analysts forecast that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current fiscal year.
Innovative Solutions and Support Company 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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