Sei Investments Co. Buys 31,399 Shares of Innovative Solutions and Support, Inc. $ISSC

Sei Investments Co. lifted its stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 100.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 62,798 shares of the aerospace company’s stock after acquiring an additional 31,399 shares during the period. Sei Investments Co. owned approximately 0.35% of Innovative Solutions and Support worth $1,289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Innovative Solutions and Support by 7,484.2% in 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 bought a new stake in Innovative Solutions and Support during the fourth quarter worth about $36,000. Bank of America Corp DE lifted its stake in Innovative Solutions and Support by 589.9% during 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. Quantbot Technologies LP purchased a new position in shares of Innovative Solutions and Support in the 3rd quarter worth about $160,000. Finally, American Century Companies Inc. boosted 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 purchasing an additional 2,228 shares in the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Stock Up 1.3%

Shares of NASDAQ:ISSC opened at $20.00 on Wednesday. The stock has a market capitalization of $357.80 million, a P/E ratio of 21.28 and a beta of 0.59. The stock’s 50-day moving average price is $18.34 and its 200-day moving average price is $20.82. The company has a current ratio of 3.23, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68. Innovative Solutions and Support, Inc. has a 12-month low of $8.13 and a 12-month high of $30.94.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ISSC. Zacks Research cut Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings cut shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Two equities 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’s stock. Based on data from MarketBeat.com, Innovative Solutions and Support has a consensus rating of “Buy” and a consensus target price of $16.25.

Innovative Solutions and Support 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.