Innovative Solutions and Support, Inc. $ISSC Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 23.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,700 shares of the aerospace company’s stock after acquiring an additional 26,200 shares during the period. Pekin Hardy Strauss Inc. owned about 0.79% of Innovative Solutions and Support worth $1,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Innovative Solutions and Support by 0.6% during 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 last quarter. Meixler Investment Management Ltd. grew its position in Innovative Solutions and Support by 10.1% during the 3rd quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,550 shares during the period. J.W. Cole Advisors Inc. grew its position in Innovative Solutions and Support by 12.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company’s stock worth $213,000 after purchasing an additional 1,700 shares during the period. American Century Companies Inc. raised its stake 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 valued at $172,000 after buying an additional 2,228 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Innovative Solutions and Support by 3.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 127,000 shares of the aerospace company’s stock valued at $1,763,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 28.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Northland Securities initiated coverage on Innovative Solutions and Support in a report on Friday, November 21st. They set an “outperform” rating and a $16.50 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Thursday, January 22nd. JonesTrading raised shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Finally, Craig Hallum assumed coverage on shares of Innovative Solutions and Support in a report 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 given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Innovative Solutions and Support has an average rating of “Strong Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Stock Up 0.7%

Shares of ISSC opened at $24.32 on Friday. The firm has a market cap of $432.41 million, a P/E ratio of 23.16 and a beta of 0.64. Innovative Solutions and Support, Inc. has a 12 month low of $5.30 and a 12 month high of $24.97. The stock’s 50 day moving average is $19.42 and its two-hundred day moving average is $14.29. The company has a current ratio of 2.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.The firm had revenue of $21.81 million for the quarter, compared to analyst estimates of $18.82 million.

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.