36,018 Shares in Innovative Solutions and Support, Inc. $ISSC Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 36,018 shares of the aerospace company’s stock, valued at approximately $648,000.

A number of other large investors have also recently added to or reduced their stakes in ISSC. BlackRock Inc. bought a new position in shares of Innovative Solutions and Support in the 2nd quarter valued at about $19,204,000. Deutsche Bank AG bought a new stake in shares of Innovative Solutions and Support in the 2nd quarter valued at about $265,000. Bank of New York Mellon Corp acquired a new stake in Innovative Solutions and Support in the 2nd quarter valued at about $2,532,000. State of Wyoming acquired a new stake in Innovative Solutions and Support in the 2nd quarter valued at about $159,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Innovative Solutions and Support by 30.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 186,853 shares of the aerospace company’s stock valued at $3,363,000 after purchasing an additional 43,553 shares during the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Innovative Solutions and Support Stock Up 1.0%

Innovative Solutions and Support stock opened at $21.67 on Friday. The stock has a market cap of $387.74 million, a P/E ratio of 20.64 and a beta of 0.59. The company has a quick ratio of 1.49, a current ratio of 2.97 and a debt-to-equity ratio of 0.63. Innovative Solutions and Support, Inc. has a twelve month low of $8.13 and a twelve month high of $30.94. The company’s 50-day moving average price is $19.49 and its two-hundred day moving average price is $21.03.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings data on Thursday, August 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Innovative Solutions and Support had a return on equity of 30.53% and a net margin of 20.50%.The company had revenue of $26.73 million during the quarter, compared to analysts’ expectations of $23.98 million. As a group, analysts expect that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

ISSC has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Zacks Research downgraded Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Wall Street Zen cut Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $16.25.

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.