48,672 Shares in Innovative Solutions and Support, Inc. $ISSC Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC acquired a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 48,672 shares of the aerospace company’s stock, valued at approximately $999,000. Sierra Summit Advisors LLC owned approximately 0.27% of Innovative Solutions and Support at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Innovative Solutions and Support in the first quarter valued at approximately $1,918,000. Inspire Investing LLC purchased a new stake in shares of Innovative Solutions and Support during the first quarter worth approximately $515,000. Ritholtz Wealth Management raised its stake in Innovative Solutions and Support by 10.0% in the 1st quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock valued at $327,000 after purchasing an additional 1,452 shares during the last quarter. XTX Topco Ltd raised its stake in Innovative Solutions and Support by 26.9% in the 4th quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company’s stock valued at $761,000 after purchasing an additional 8,508 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support in the 4th quarter valued at $311,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

ISSC stock opened at $18.39 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 debt-to-equity ratio of 0.68, a current ratio of 3.23 and a quick ratio of 1.53. The firm has a market capitalization of $329.00 million, a PE ratio of 19.56 and a beta of 0.60. The business has a 50 day simple moving average of $18.17 and a 200-day simple moving average of $20.74.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%. Equities research analysts anticipate that Innovative Solutions and Support, Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on ISSC. Zacks Research cut 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 cut shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Wall Street Zen cut shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $16.25.

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.