Navellier & Associates Inc. Buys New Position in Innovative Solutions and Support, Inc. $ISSC

Navellier & Associates Inc. bought a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the 3rd quarter, Holdings Channel reports. The fund bought 91,916 shares of the aerospace company’s stock, valued at approximately $1,148,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at $807,000. Palisades Investment Partners LLC acquired a new stake in Innovative Solutions and Support in the third quarter worth $2,927,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Innovative Solutions and Support by 155.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after purchasing an additional 88,442 shares during the period. D.A. Davidson & CO. bought a new stake in Innovative Solutions and Support in the third quarter valued at $351,000. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of Innovative Solutions and Support during the second quarter valued at about $746,000. 28.53% of the stock is owned by institutional investors and hedge funds.

Innovative Solutions and Support Stock Performance

ISSC stock opened at $19.68 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 3.04 and a debt-to-equity ratio of 0.34. The firm has a market cap of $349.87 million, a PE ratio of 22.62 and a beta of 0.64. The business has a 50 day moving average of $17.65 and a 200-day moving average of $13.94. Innovative Solutions and Support, Inc. has a 12-month low of $5.30 and a 12-month high of $22.60.

Analyst Ratings Changes

Several analysts have recently commented on the company. Craig Hallum assumed coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They issued a “buy” rating and a $16.00 target price for the company. Jones Trading upgraded Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Northland Securities initiated coverage on Innovative Solutions and Support in a report on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target 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.