Palisades Investment Partners LLC Takes $2.93 Million Position in Innovative Solutions and Support, Inc. $ISSC

Palisades Investment Partners LLC acquired a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 234,323 shares of the aerospace company’s stock, valued at approximately $2,927,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Matauro LLC purchased a new position in Innovative Solutions and Support in the third quarter worth approximately $125,000. American Century Companies Inc. lifted its position in shares of 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 worth $172,000 after purchasing an additional 2,228 shares during the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Innovative Solutions and Support by 31.4% during the second quarter. Meixler Investment Management Ltd. now owns 15,275 shares of the aerospace company’s stock worth $212,000 after purchasing an additional 3,650 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in Innovative Solutions and Support by 12.4% in the second quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company’s stock valued at $213,000 after buying an additional 1,700 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Innovative Solutions and Support during the 2nd quarter worth about $224,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ISSC has been the topic of a number of recent analyst reports. Northland Securities initiated coverage on Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 price objective on the stock. Jones Trading raised Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Craig Hallum started coverage on shares of Innovative Solutions and Support in a research note on Friday, December 5th. They set a “buy” rating and a $16.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Stock Up 2.2%

ISSC stock opened at $21.64 on Friday. The company has a market cap of $384.11 million, a price-to-earnings ratio of 24.87 and a beta of 0.67. The company has a fifty day moving average price of $15.16 and a 200 day moving average price of $13.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.04 and a quick ratio of 1.50. Innovative Solutions and Support, Inc. has a 12 month low of $5.30 and a 12 month high of $22.60.

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.