Navellier & Associates Inc. Invests $1.15 Million in Innovative Solutions and Support, Inc. $ISSC

Navellier & Associates Inc. acquired a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 91,916 shares of the aerospace company’s stock, valued at approximately $1,148,000. Navellier & Associates Inc. owned approximately 0.52% of Innovative Solutions and Support as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meixler Investment Management Ltd. raised its position in Innovative Solutions and Support by 10.1% in the third quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 1,550 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Innovative Solutions and Support by 27.7% during the third quarter. J.W. Cole Advisors Inc. now owns 19,620 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 4,260 shares during the last quarter. State of Wyoming acquired a new position in shares of Innovative Solutions and Support in the third quarter valued at approximately $226,000. Independent Advisor Alliance bought a new position in Innovative Solutions and Support in the 3rd quarter valued at approximately $431,000. Finally, New York State Common Retirement Fund bought a new position in Innovative Solutions and Support in the 3rd quarter valued at approximately $889,000. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Trading Down 1.1%

NASDAQ:ISSC opened at $19.68 on Wednesday. The firm’s fifty day moving average is $17.65 and its 200-day moving average is $13.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 3.04. Innovative Solutions and Support, Inc. has a 52 week low of $5.30 and a 52 week high of $22.60. The firm has a market cap of $349.87 million, a P/E ratio of 22.62 and a beta of 0.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ISSC shares. 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 report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Thursday, January 22nd. Craig Hallum assumed coverage on Innovative Solutions and Support in a research report on Friday, December 5th. They set a “buy” rating and a $16.00 target price for the company. Finally, Jones Trading raised Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Strong 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.