Inspire Advisors LLC Invests $283,000 in Innovative Solutions and Support, Inc. $ISSC

Inspire Advisors LLC purchased a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,659 shares of the aerospace company’s stock, valued at approximately $283,000. Inspire Advisors LLC owned 0.13% of Innovative Solutions and Support at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in shares of Innovative Solutions and Support by 53.5% in the first quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 16,808 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Innovative Solutions and Support during the 2nd quarter worth about $305,000. Meixler Investment Management Ltd. lifted its stake in shares of Innovative Solutions and Support by 31.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 15,275 shares of the aerospace company’s stock worth $212,000 after buying an additional 3,650 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its holdings in shares of Innovative Solutions and Support by 10.7% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 113,500 shares of the aerospace company’s stock worth $1,575,000 after buying an additional 11,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Innovative Solutions and Support by 155.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock valued at $2,018,000 after buying an additional 88,442 shares during the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ISSC shares. Craig Hallum assumed coverage on shares of Innovative Solutions and Support in a research report on Friday, December 5th. They set a “buy” rating and a $16.00 price objective for the company. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Wednesday, October 8th. Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Finally, Northland Securities began coverage on Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Innovative Solutions and Support presently has a consensus rating of “Strong Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Trading Up 3.3%

Shares of Innovative Solutions and Support stock opened at $22.12 on Thursday. The company has a quick ratio of 1.50, a current ratio of 3.04 and a debt-to-equity ratio of 0.34. Innovative Solutions and Support, Inc. has a 12-month low of $5.30 and a 12-month high of $22.60. The company has a market capitalization of $392.63 million, a price-to-earnings ratio of 25.43 and a beta of 0.67. The firm’s 50-day moving average price is $14.64 and its two-hundred day moving average price is $13.46.

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.