Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 168,061 Innovative Solutions and Support, Inc. $ISSC

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 168,061 shares of the aerospace company’s stock, valued at approximately $3,025,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.94% of Innovative Solutions and Support at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of Innovative Solutions and Support by 53.5% in the 1st quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 16,808 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Innovative Solutions and Support by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after buying an additional 725 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Innovative Solutions and Support during the 2nd quarter worth $848,000. American Century Companies Inc. boosted its stake in Innovative Solutions and Support by 21.9% in the second quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after buying an additional 2,228 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Innovative Solutions and Support by 415.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 157,250 shares of the aerospace company’s stock valued at $2,183,000 after buying an additional 126,729 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ISSC shares. Zacks Research downgraded Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings downgraded shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, Wall Street Zen downgraded shares of 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 issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Innovative Solutions and Support has a consensus rating of “Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Stock Down 2.3%

Shares of NASDAQ:ISSC opened at $21.17 on Friday. Innovative Solutions and Support, Inc. has a 52-week low of $8.13 and a 52-week high of $30.94. The company has a market capitalization of $378.79 million, a PE ratio of 20.16 and a beta of 0.59. 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 company has a fifty day moving average of $19.57 and a 200-day moving average of $21.03.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Thursday, August 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $26.73 million for the quarter, compared to the consensus estimate of $23.98 million. Innovative Solutions and Support had a return on equity of 30.53% and a net margin of 20.50%. On average, equities analysts predict that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current fiscal year.

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.