Precision Wealth Strategies LLC Takes Position in Innovative Solutions and Support, Inc. $ISSC

Precision Wealth Strategies LLC acquired a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 29,002 shares of the aerospace company’s stock, valued at approximately $595,000. Precision Wealth Strategies LLC owned 0.16% of Innovative Solutions and Support at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ISSC. Caitong International Asset Management Co. Ltd grew its holdings 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 purchasing an additional 1,422 shares during the period. Global Retirement Partners LLC purchased a new position in Innovative Solutions and Support during the fourth quarter worth approximately $36,000. Bank of America Corp DE raised 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 period. 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 valued at $172,000 after purchasing an additional 2,228 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at $160,000. 28.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ISSC shares. Wall Street Zen downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings cut Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, Zacks Research downgraded Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Trading Up 1.0%

NASDAQ ISSC opened at $18.46 on Friday. Innovative Solutions and Support, Inc. has a one year low of $8.13 and a one year high of $30.94. The company’s 50 day moving average price is $17.66 and its 200 day moving average price is $20.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23. The firm has a market capitalization of $330.25 million, a price-to-earnings ratio of 19.64 and a beta of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Thursday, May 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $21.59 million. On average, sell-side analysts predict that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current 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.