New York State Common Retirement Fund Takes $889,000 Position in Innovative Solutions and Support, Inc. $ISSC

New York State Common Retirement Fund purchased a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 3rd quarter, Holdings Channel reports. The fund purchased 71,180 shares of the aerospace company’s stock, valued at approximately $889,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. James Investment Research Inc. boosted its position in Innovative Solutions and Support by 96.2% in the third quarter. James Investment Research Inc. now owns 20,400 shares of the aerospace company’s stock valued at $255,000 after buying an additional 10,000 shares in the last quarter. Palisades Investment Partners LLC acquired a new position in shares of Innovative Solutions and Support during the third quarter worth $2,927,000. Inspire Advisors LLC bought a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at $283,000. Benjamin Edwards Inc. bought a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at $807,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $351,000. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock opened at $19.68 on Wednesday. The stock’s 50 day moving average is $17.65 and its 200 day moving average is $13.94. Innovative Solutions and Support, Inc. has a one year low of $5.30 and a one year 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. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.04 and a quick ratio of 1.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ISSC shares. Jones Trading raised Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Northland Securities started coverage on Innovative Solutions and Support in a report on Friday, November 21st. They set an “outperform” rating and a $16.50 price target on the stock. Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Thursday, January 22nd. Finally, Craig Hallum started coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They set a “buy” rating and a $16.00 target price 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, the company currently has an average rating of “Strong Buy” and a consensus price target of $16.25.

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.