103,780 Shares in Innovative Solutions and Support, Inc. $IA Purchased by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC acquired 103,780 shares of Innovative Solutions and Support during the second quarter, valued at approximately $1.87 million and representing about 0.58% of the company.
• Innovative Solutions and Support reported quarterly revenue of $26.73 million and earnings of $0.33 per share, with a 20.50% net margin and 30.53% return on equity.
• The stock opened at $18.39 after declining 1%, while analyst sentiment remained positive overall, with an average rating of “Buy” and recent upgrades to “Buy” and “Strong Buy.”

Squarepoint Ops LLC purchased a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:IA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 103,780 shares of the company's stock, valued at approximately $1,868,000. Squarepoint Ops LLC owned about 0.58% of Innovative Solutions and Support as of its most recent SEC filing.

Innovative Solutions and Support Trading Down 1.0%

Shares of NASDAQ IA opened at $18.39 on Wednesday. The stock has a market cap of $329.18 million, a P/E ratio of 17.51 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 2.97. Innovative Solutions and Support, Inc. has a 12-month low of $8.13 and a 12-month high of $30.94.

Innovative Solutions and Support (NASDAQ:IA - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.33 earnings per share for the quarter. Innovative Solutions and Support had a net margin of 20.50% and a return on equity of 30.53%. The firm had revenue of $26.73 million during the quarter. Research analysts expect that Innovative Solutions and Support, Inc. will post 1.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings began coverage on shares of Innovative Solutions and Support in a research note on Wednesday, August 19th. They issued a "hold (c+)" rating for the company. Wall Street Zen upgraded Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Finally, Zacks Research raised Innovative Solutions and Support from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Innovative Solutions and Support has an average rating of "Buy".

About Innovative Solutions and Support

Innovative Solutions and Support, Inc NASDAQ: IA develops and manufactures avionics and cockpit systems for the aerospace industry. The company provides integrated cockpit solutions, electronic flight instruments, flat-panel displays, flight management systems, navigation products, air data systems and other aircraft interface and computing technologies.

Its products are designed for commercial, business, military and government aircraft, as well as aircraft upgrades, retrofit programs and training or simulation applications.

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