Inspire Advisors LLC Buys Shares of 22,659 Innovative Solutions and Support, Inc. $ISSC

Inspire Advisors LLC purchased a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 22,659 shares of the aerospace company’s stock, valued at approximately $283,000.

A number of other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Innovative Solutions and Support by 415.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 157,250 shares of the aerospace company’s stock worth $2,183,000 after buying an additional 126,729 shares during the last quarter. Marshall Wace LLP raised its stake in Innovative Solutions and Support by 48.9% during the second quarter. Marshall Wace LLP now owns 289,827 shares of the aerospace company’s stock worth $4,023,000 after acquiring an additional 95,178 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Innovative Solutions and Support by 155.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after acquiring an additional 88,442 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Innovative Solutions and Support by 104.1% in the second quarter. Raymond James Financial Inc. now owns 164,479 shares of the aerospace company’s stock worth $2,283,000 after acquiring an additional 83,894 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $807,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ISSC has been the subject of a number of research analyst reports. Jones Trading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Northland Securities assumed coverage on shares of Innovative Solutions and Support in a research note on Friday, November 21st. They set an “outperform” rating and a $16.50 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Wednesday, October 8th. Craig Hallum started coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Trading Up 3.3%

Shares of ISSC stock opened at $22.12 on Thursday. Innovative Solutions and Support, Inc. has a 1-year low of $5.30 and a 1-year high of $22.60. The company has a current ratio of 3.04, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. The stock has a market cap of $392.63 million, a price-to-earnings ratio of 25.43 and a beta of 0.67. The stock has a 50-day moving average of $14.64 and a 200-day moving average of $13.46.

About Innovative Solutions and Support

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.