Algert Global LLC Sells 109,243 Shares of Innovative Solutions and Support, Inc. $ISSC

Key Points

• Algert Global reduced its ISSC position by 47.3%, selling 109,243 shares during the second quarter and retaining 121,591 shares valued at approximately $2.19 million.
• ISSC reported quarterly earnings of $0.33 per share, exceeding the $0.22 consensus estimate, while revenue of $26.73 million also surpassed expectations.
• Despite several analyst downgrades to “Hold,” the stock maintains a consensus “Buy” rating; shares opened at $20.65, above the average analyst target price of $16.25.

Algert Global LLC decreased its position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) by 47.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,591 shares of the aerospace company's stock after selling 109,243 shares during the quarter. Algert Global LLC owned 0.68% of Innovative Solutions and Support worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Innovative Solutions and Support by 7,484.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company's stock worth $27,000 after buying an additional 1,422 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Innovative Solutions and Support in the 4th quarter worth approximately $36,000. Bank of America Corp DE boosted its holdings in shares of Innovative Solutions and Support by 589.9% in the 3rd quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company's stock worth $114,000 after purchasing an additional 7,792 shares during the period. Royal Bank of Canada increased its position in shares of Innovative Solutions and Support by 496.6% during the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company's stock valued at $156,000 after purchasing an additional 6,342 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Innovative Solutions and Support during the 2nd quarter valued at $159,000. 28.53% of the stock is owned by hedge funds and other institutional investors.

Innovative Solutions and Support Stock Down 2.5%

Shares of ISSC opened at $20.65 on Friday. The firm has a market capitalization of $369.49 million, a P/E ratio of 19.67 and a beta of 0.59. 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 current ratio of 2.97, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $19.57 and a 200-day moving average price of $21.03.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. Innovative Solutions and Support had a net margin of 20.50% and a return on equity of 30.53%. The company had revenue of $26.73 million during the quarter, compared to analysts' expectations of $23.98 million. Equities research analysts expect that Innovative Solutions and Support, Inc. will post 0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ISSC. Wall Street Zen lowered shares of Innovative Solutions and Support from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Zacks Research downgraded shares of Innovative Solutions and Support from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 15th. Finally, Weiss Ratings lowered 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 issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $16.25.

Innovative Solutions and Support 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.

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