25,224 Shares in Innovative Solutions and Support, Inc. $IA Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. bought a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:IA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,224 shares of the company’s stock, valued at approximately $468,000. Mesirow Financial Investment Management Inc. owned about 0.14% of Innovative Solutions and Support at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triumph Capital Management lifted its holdings in shares of Innovative Solutions and Support by 80.6% in the 3rd quarter. Triumph Capital Management now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 625 shares during the last quarter. Integrity Alliance LLC. bought a new position in Innovative Solutions and Support during the 3rd quarter worth $188,000. WINTON GROUP Ltd acquired a new stake in Innovative Solutions and Support in the second quarter worth $265,000. Engineers Gate Manager LP acquired a new stake in Innovative Solutions and Support in the second quarter worth $325,000. Finally, NewEdge Advisors LLC bought a new stake in Innovative Solutions and Support in the second quarter valued at $367,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IA has been the subject of several analyst reports. Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Finally, Wall Street Zen cut shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Innovative Solutions and Support has a consensus rating of “Moderate Buy”.

Innovative Solutions and Support Trading Down 3.0%

Shares of NASDAQ IA opened at $21.51 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 2.97. The business’s 50 day simple moving average is $19.43. The firm has a market capitalization of $385.03 million, a P/E ratio of 18.78 and a beta of 0.64. Innovative Solutions and Support, Inc. has a 12-month low of $8.13 and a 12-month high of $30.94.

Innovative Solutions and Support (NASDAQ:IA) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $26.73 million during the quarter. Innovative Solutions and Support had a return on equity of 30.53% and a net margin of 20.50%. Sell-side analysts forecast that Innovative Solutions and Support, Inc. will post 1.03 earnings per share for the current fiscal year.

Innovative Solutions and Support Profile

Innovative Solutions and Support, Inc. (IS&S) develops and manufactures avionics systems for commercial, business and military aircraft. Its products include flight guidance systems, cockpit displays, air-data computers and engine instrumentation designed to support pilots and aircraft operations. The company serves aircraft manufacturers and operators, as well as customers seeking to upgrade avionics on existing aircraft. Its systems are used in both original-equipment installations and retrofit programs.