Punch & Associates Investment Management Inc. Increases Position in Innovative Solutions and Support, Inc. $ISSC

Punch & Associates Investment Management Inc. grew its holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 94.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 595,174 shares of the aerospace company’s stock after buying an additional 288,479 shares during the period. Punch & Associates Investment Management Inc. owned 3.35% of Innovative Solutions and Support worth $11,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 acquiring an additional 1,422 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Innovative Solutions and Support during the fourth quarter worth about $36,000. Bank of America Corp DE increased its stake in shares of Innovative Solutions and Support by 589.9% during the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 7,792 shares during the period. Quantbot Technologies LP acquired a new position in shares of Innovative Solutions and Support during the third quarter worth about $160,000. Finally, American Century Companies Inc. increased its stake in shares of Innovative Solutions and Support by 21.9% during the second quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock worth $172,000 after acquiring an additional 2,228 shares during the period. 28.53% of the stock is owned by hedge funds and other institutional investors.

Innovative Solutions and Support Trading Down 5.0%

Shares of ISSC opened at $16.80 on Wednesday. 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 $19.51 and its two-hundred day moving average is $20.14. Innovative Solutions and Support, Inc. has a twelve month low of $8.13 and a twelve month high of $30.94. The firm has a market capitalization of $300.55 million, a P/E ratio of 17.87 and a beta of 0.61.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. On average, research analysts predict that Innovative Solutions and Support, Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ISSC has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings lowered shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. 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 stock. According to MarketBeat.com, Innovative Solutions and Support presently has a consensus rating of “Buy” and a consensus price target of $16.25.

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.