WealthTrust Axiom LLC Buys 62,712 Shares of Innovative Solutions and Support, Inc. $ISSC

WealthTrust Axiom LLC raised its stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 386,370 shares of the aerospace company’s stock after purchasing an additional 62,712 shares during the quarter. Innovative Solutions and Support accounts for about 1.9% of WealthTrust Axiom LLC’s holdings, making the stock its 11th biggest holding. WealthTrust Axiom LLC’s holdings in Innovative Solutions and Support were worth $7,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ISSC. Jane Street Group LLC lifted its holdings in shares of Innovative Solutions and Support by 53.5% in the 1st 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Innovative Solutions and Support by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after acquiring an additional 725 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Innovative Solutions and Support in the 2nd quarter worth approximately $848,000. American Century Companies Inc. lifted its holdings in shares of Innovative Solutions and Support by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock worth $172,000 after acquiring an additional 2,228 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Innovative Solutions and Support by 415.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 157,250 shares of the aerospace company’s stock worth $2,183,000 after acquiring an additional 126,729 shares during the last quarter. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $18.48 on Monday. The company has a fifty day moving average of $19.72 and a 200 day moving average of $20.04. 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 quick ratio of 1.53, a current ratio of 3.23 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $330.66 million, a P/E ratio of 19.66 and a beta of 0.61.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. The company had revenue of $22.37 million during the quarter, compared to analyst estimates of $21.59 million. On average, research analysts predict that Innovative Solutions and Support, Inc. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Innovative Solutions and Support in a report on Friday, May 22nd. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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.