168,061 Shares in Innovative Solutions and Support, Inc. $ISSC Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the second quarter, Holdings Channel reports. The fund bought 168,061 shares of the aerospace company’s stock, valued at approximately $3,025,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its stake in shares of Innovative Solutions and Support by 7,484.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 1,422 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Innovative Solutions and Support during the fourth quarter worth $36,000. Bank of America Corp DE grew its stake in shares of Innovative Solutions and Support by 589.9% in the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 7,792 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Innovative Solutions and Support by 496.6% in the first quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 6,342 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Innovative Solutions and Support in the second quarter valued at $159,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

Innovative Solutions and Support Stock Down 2.3%

Shares of NASDAQ ISSC opened at $21.17 on Friday. The company has a market capitalization of $378.79 million, a P/E ratio of 20.16 and a beta of 0.59. Innovative Solutions and Support, Inc. has a 52-week low of $8.13 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 2.97. The company’s 50 day moving average price is $19.57 and its 200-day moving average price is $21.03.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, August 13th. The aerospace company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Innovative Solutions and Support had a net margin of 20.50% and a return on equity of 30.53%. The company had revenue of $26.73 million for the quarter, compared to analyst estimates of $23.98 million. Equities analysts forecast that Innovative Solutions and Support, Inc. will post 0.97 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on ISSC shares. Wall Street Zen lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Zacks Research lowered Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Two research 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.