Punch & Associates Investment Management Inc. Buys Shares of 569,963 Innovative Solutions and Support, Inc. $ISSC

Punch & Associates Investment Management Inc. purchased a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the second quarter, Holdings Channel.com reports. The fund purchased 569,963 shares of the aerospace company’s stock, valued at approximately $10,259,000.

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

Innovative Solutions and Support Trading Up 2.5%

Shares of NASDAQ ISSC opened at $21.46 on Thursday. The company has a current ratio of 2.97, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63. Innovative Solutions and Support, Inc. has a one year low of $8.13 and a one year high of $30.94. The business has a 50-day moving average price of $19.40 and a two-hundred day moving average price of $21.02. The firm has a market capitalization of $383.98 million, a PE ratio of 20.44 and a beta of 0.59.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, August 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, 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 research reports. Weiss Ratings downgraded Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Zacks Research lowered Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report 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 data from MarketBeat, Innovative Solutions and Support 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.