Sei Investments Co. Acquires 31,399 Shares of Innovative Solutions and Support, Inc. $ISSC

Sei Investments Co. lifted its holdings in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 100.0% in the first quarter, Holdings Channel.com reports. The fund owned 62,798 shares of the aerospace company’s stock after purchasing an additional 31,399 shares during the period. Sei Investments Co.’s holdings in Innovative Solutions and Support were worth $1,289,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Innovative Solutions and Support by 7,484.2% during the 4th 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 in the last quarter. Global Retirement Partners LLC bought a new position in Innovative Solutions and Support in the fourth quarter worth about $36,000. Bank of America Corp DE lifted its holdings in Innovative Solutions and Support by 589.9% in the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after buying an additional 7,792 shares during the period. Quantbot Technologies LP purchased a new stake in Innovative Solutions and Support in the third quarter worth about $160,000. Finally, American Century Companies Inc. boosted its position in Innovative Solutions and Support by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after acquiring an additional 2,228 shares in the last quarter. 28.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Innovative Solutions and Support Trading Up 1.3%

Innovative Solutions and Support stock opened at $20.00 on Wednesday. The company has a current ratio of 3.23, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $18.34 and its two-hundred day simple moving average is $20.82. Innovative Solutions and Support, Inc. has a 12 month low of $8.13 and a 12 month high of $30.94. The company has a market capitalization of $357.80 million, a price-to-earnings ratio of 21.28 and a beta of 0.59.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $22.37 million during the quarter, compared to the consensus estimate of $21.59 million. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%. As a group, equities analysts predict 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.