Precision Wealth Strategies LLC Invests $595,000 in Innovative Solutions and Support, Inc. $ISSC

Precision Wealth Strategies LLC bought a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,002 shares of the aerospace company’s stock, valued at approximately $595,000.

Several other hedge funds have also modified their holdings of the stock. Marshall Wace LLP lifted its position in Innovative Solutions and Support by 57.4% during the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock worth $14,290,000 after acquiring an additional 275,286 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Innovative Solutions and Support by 94.1% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock valued at $11,273,000 after purchasing an additional 288,479 shares during the period. Vanguard Group Inc. raised its stake in shares of Innovative Solutions and Support by 3.5% during the third quarter. Vanguard Group Inc. now owns 556,188 shares of the aerospace company’s stock valued at $6,947,000 after purchasing an additional 18,866 shares during the period. WealthTrust Axiom LLC lifted its position in shares of Innovative Solutions and Support by 19.4% during the fourth quarter. WealthTrust Axiom LLC now owns 386,370 shares of the aerospace company’s stock worth $7,318,000 after purchasing an additional 62,712 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Innovative Solutions and Support by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company’s stock worth $7,158,000 after purchasing an additional 5,525 shares in the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings downgraded Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Two equities research 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. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $16.25.

Innovative Solutions and Support Stock Performance

Shares of ISSC opened at $18.46 on Friday. The firm has a market cap of $330.25 million, a price-to-earnings ratio of 19.64 and a beta of 0.60. The company has a quick ratio of 1.53, a current ratio of 3.23 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $17.66 and its two-hundred day moving average is $20.89. Innovative Solutions and Support, Inc. has a 52-week low of $8.13 and a 52-week high of $30.94.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $22.37 million during the quarter, compared to the consensus estimate of $21.59 million. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. Analysts forecast that Innovative Solutions and Support, Inc. will post 0.97 EPS 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.