Man Group plc Buys Shares of 142,100 Innovative Solutions and Support, Inc. $ISSC

Man Group plc bought a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 142,100 shares of the aerospace company’s stock, valued at approximately $2,558,000.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Innovative Solutions and Support in the 2nd quarter valued at $19,204,000. Stifel Financial Corp purchased a new position in Innovative Solutions and Support during the 4th quarter worth $5,529,000. Punch & Associates Investment Management Inc. lifted its stake in shares of Innovative Solutions and Support by 94.1% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock worth $11,273,000 after acquiring an additional 288,479 shares during the period. Marshall Wace LLP boosted its holdings in shares of Innovative Solutions and Support by 57.4% in the fourth quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock valued at $14,290,000 after acquiring an additional 275,286 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Innovative Solutions and Support by 1,234.9% in the fourth quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock valued at $5,314,000 after acquiring an additional 259,561 shares in the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings cut shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Wall Street Zen lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Zacks Research cut Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $16.25.

Innovative Solutions and Support Stock Down 2.5%

ISSC stock opened at $20.65 on Tuesday. The company has a current ratio of 2.97, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $19.65 and its 200 day moving average price is $21.05. 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 market cap of $369.49 million, a P/E ratio of 19.67 and a beta of 0.59.

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

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.