New York State Common Retirement Fund Invests $889,000 in Innovative Solutions and Support, Inc. $ISSC

New York State Common Retirement Fund bought a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 71,180 shares of the aerospace company’s stock, valued at approximately $889,000. New York State Common Retirement Fund owned about 0.40% of Innovative Solutions and Support at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ISSC. James Investment Research Inc. boosted its stake in Innovative Solutions and Support by 96.2% in the 3rd quarter. James Investment Research Inc. now owns 20,400 shares of the aerospace company’s stock valued at $255,000 after purchasing an additional 10,000 shares during the period. Palisades Investment Partners LLC bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $2,927,000. Inspire Advisors LLC acquired a new position in shares of Innovative Solutions and Support in the third quarter valued at about $283,000. Benjamin Edwards Inc. acquired a new position in shares of Innovative Solutions and Support in the third quarter valued at about $807,000. Finally, D.A. Davidson & CO. bought a new position in Innovative Solutions and Support during the third quarter worth about $351,000. 28.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Craig Hallum began coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They issued a “buy” rating and a $16.00 price objective for the company. Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Thursday, January 22nd. Northland Securities initiated coverage on Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 price objective for the company. Finally, Jones Trading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Stock Down 1.1%

NASDAQ ISSC opened at $19.68 on Wednesday. The business has a fifty day moving average price of $17.65 and a two-hundred day moving average price of $13.94. The stock has a market capitalization of $349.87 million, a PE ratio of 22.62 and a beta of 0.64. Innovative Solutions and Support, Inc. has a fifty-two week low of $5.30 and a fifty-two week high of $22.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.04 and a quick ratio of 1.50.

About Innovative Solutions and Support

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.