64,599 Shares in Innovative Solutions and Support, Inc. $ISSC Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. purchased a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 64,599 shares of the aerospace company’s stock, valued at approximately $1,224,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC increased its position 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 worth $303,000 after acquiring an additional 16,808 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $1,711,000 after acquiring an additional 725 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Innovative Solutions and Support during the 2nd quarter valued at $848,000. American Century Companies Inc. boosted its position 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 worth $172,000 after purchasing an additional 2,228 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Innovative Solutions and Support during the 2nd quarter worth $274,000. 28.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JonesTrading upgraded 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 research report on Wednesday, December 24th. Weiss Ratings upgraded shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Wall Street Zen raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. 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 and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $16.25.

Innovative Solutions and Support Trading Up 2.7%

Shares of ISSC opened at $22.52 on Friday. Innovative Solutions and Support, Inc. has a one year low of $5.30 and a one year high of $30.94. The stock has a 50-day moving average price of $23.94 and a 200 day moving average price of $16.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96. The company has a market capitalization of $400.41 million, a P/E ratio of 21.45 and a beta of 0.70.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $21.81 million for the quarter, compared to the consensus estimate of $18.82 million.

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.