45,000 Shares in Innovative Solutions and Support, Inc. $ISSC Purchased by 683 Capital Management LLC

683 Capital Management LLC bought a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,000 shares of the aerospace company’s stock, valued at approximately $852,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in Innovative Solutions and Support by 29.3% in the 4th quarter. Russell Investments Group Ltd. now owns 60,479 shares of the aerospace company’s stock valued at $1,145,000 after purchasing an additional 13,699 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in Innovative Solutions and Support by 94.1% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock valued at $11,273,000 after purchasing an additional 288,479 shares in the last quarter. Mangrove Partners IM LLC purchased a new position in Innovative Solutions and Support in the 4th quarter valued at about $346,000. Graham Capital Management L.P. purchased a new position in Innovative Solutions and Support in the 4th quarter valued at about $262,000. Finally, Squarepoint Ops LLC lifted its holdings in Innovative Solutions and Support by 11.6% in the 4th quarter. Squarepoint Ops LLC now owns 16,093 shares of the aerospace company’s stock valued at $305,000 after purchasing an additional 1,672 shares in the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Trading Down 1.4%

NASDAQ ISSC opened at $16.57 on Thursday. Innovative Solutions and Support, Inc. has a one year low of $8.13 and a one year high of $30.94. The company’s 50 day moving average price is $19.41 and its 200 day moving average price is $20.19. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23. The firm has a market capitalization of $296.44 million, a price-to-earnings ratio of 17.63 and a beta of 0.61.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 EPS for the quarter, beating 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 firm had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. On average, sell-side analysts predict that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ISSC. Weiss Ratings lowered shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Zacks Research lowered shares of 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 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $16.25.

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.