Mesirow Financial Investment Management Inc. Buys 30,259 Shares of Innovative Solutions and Support, Inc. $ISSC

Mesirow Financial Investment Management Inc. grew its holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 50.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,199 shares of the aerospace company’s stock after purchasing an additional 30,259 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Innovative Solutions and Support were worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navellier & Associates Inc. purchased a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth $1,148,000. WINTON GROUP Ltd purchased a new stake in Innovative Solutions and Support during the 3rd quarter worth approximately $1,122,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Innovative Solutions and Support during the fourth quarter valued at $1,224,000. Palisades Investment Partners LLC acquired a new position in shares of Innovative Solutions and Support in the third quarter valued at about $2,927,000. Finally, Teton Advisors LLC purchased a new position in Innovative Solutions and Support during the 3rd quarter worth approximately $1,707,000. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock opened at $17.41 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.53. The business has a 50 day simple moving average of $23.86 and a 200-day simple moving average of $18.85. Innovative Solutions and Support, Inc. has a 12 month low of $8.13 and a 12 month high of $30.94. The stock has a market capitalization of $309.55 million, a PE ratio of 16.58 and a beta of 0.71.

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, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%. Equities analysts predict that Innovative Solutions and Support, Inc. will post 0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ISSC shares. Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Four equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Innovative Solutions and Support 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.