Innovative Solutions and Support, Inc. $ISSC Shares Sold by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. trimmed its holdings in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 12.9% in the first quarter, Holdings Channel reports. The institutional investor owned 518,618 shares of the aerospace company’s stock after selling 76,556 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Innovative Solutions and Support were worth $10,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ISSC. Marshall Wace LLP increased its holdings in shares of Innovative Solutions and Support by 57.4% in the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock valued at $14,290,000 after acquiring an additional 275,286 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 worth $6,947,000 after purchasing an additional 18,866 shares during the last quarter. WealthTrust Axiom LLC lifted its stake in 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Innovative Solutions and Support by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company’s stock valued at $7,158,000 after purchasing an additional 5,525 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Innovative Solutions and Support by 12.6% in the first quarter. Renaissance Technologies LLC now owns 302,893 shares of the aerospace company’s stock valued at $6,218,000 after purchasing an additional 33,800 shares in the last quarter. 28.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ISSC has been the topic of several recent analyst reports. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Wall Street Zen downgraded shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings cut shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC opened at $19.14 on Friday. Innovative Solutions and Support, Inc. has a one year low of $8.13 and a one year high of $30.94. The stock has a market capitalization of $342.41 million, a price-to-earnings ratio of 20.36 and a beta of 0.60. The company has a 50-day simple moving average of $17.63 and a 200-day simple moving average of $20.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%. On average, analysts predict that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current year.

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.