Ancora Advisors LLC Takes Position in Innovative Solutions and Support, Inc. $ISSC

Key Points

• Ancora Advisors acquired 84,740 shares of Innovative Solutions and Support, valued at approximately $1.525 million and representing 0.47% of the company. Institutional investors collectively own 28.53% of ISSC.
• Analyst sentiment remains mixed: three firms recently downgraded the stock to “Hold,” although the overall consensus rating is “Buy” with an average price target of $16.25.
• ISSC reported quarterly EPS of $0.33, exceeding the $0.22 consensus estimate, while revenue of $26.73 million also surpassed expectations. The stock opened at $21.67, with a market capitalization of approximately $387.7 million.

Ancora Advisors LLC bought a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 84,740 shares of the aerospace company's stock, valued at approximately $1,525,000. Ancora Advisors LLC owned 0.47% of Innovative Solutions and Support as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in shares of Innovative Solutions and Support during the 2nd quarter worth $26,000. Caitong International Asset Management Co. Ltd increased its holdings in Innovative Solutions and Support by 7,484.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company's stock valued at $27,000 after buying an additional 1,422 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Innovative Solutions and Support in the fourth quarter valued at $36,000. Bank of America Corp DE raised its stake in Innovative Solutions and Support by 589.9% in the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company's stock valued at $114,000 after buying an additional 7,792 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Innovative Solutions and Support by 496.6% in the first quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company's stock valued at $156,000 after buying an additional 6,342 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings downgraded Innovative Solutions and Support from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 12th. Wall Street Zen cut Innovative Solutions and Support from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Finally, Zacks Research downgraded Innovative Solutions and Support from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Innovative Solutions and Support currently has an average rating of "Buy" and an average price target of $16.25.

Innovative Solutions and Support Stock Up 1.0%

ISSC opened at $21.67 on Friday. Innovative Solutions and Support, Inc. has a one year low of $8.13 and a one year high of $30.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 2.97. The stock has a market capitalization of $387.74 million, a P/E ratio of 20.64 and a beta of 0.59. The business's 50-day simple moving average is $19.49 and its 200-day simple moving average is $21.03.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last announced its earnings results on Thursday, August 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.11. The firm had revenue of $26.73 million during the quarter, compared to analysts' expectations of $23.98 million. Innovative Solutions and Support had a return on equity of 30.53% and a net margin of 20.50%. Analysts anticipate 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.

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