Jane Street Group LLC Acquires New Holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Jane Street Group LLC purchased a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,442 shares of the aerospace company's stock, valued at approximately $269,000. Jane Street Group LLC owned approximately 0.18% of Innovative Solutions and Support at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Innovative Solutions and Support in the 4th quarter valued at $89,000. Arrowstreet Capital Limited Partnership bought a new position in Innovative Solutions and Support in the 4th quarter valued at $107,000. XTX Topco Ltd bought a new position in Innovative Solutions and Support in the 4th quarter valued at $119,000. NewEdge Advisors LLC boosted its stake in Innovative Solutions and Support by 7.5% in the fourth quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company's stock worth $209,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in Innovative Solutions and Support in the fourth quarter worth $287,000. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Price Performance

Shares of Innovative Solutions and Support stock traded up $0.07 during midday trading on Friday, reaching $11.76. The company had a trading volume of 150,849 shares, compared to its average volume of 117,450. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $207.02 million, a price-to-earnings ratio of 30.95 and a beta of 0.89. The stock has a fifty day simple moving average of $7.88 and a 200 day simple moving average of $8.21. Innovative Solutions and Support, Inc. has a 1-year low of $5.25 and a 1-year high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.18. The business had revenue of $21.94 million during the quarter, compared to analyst estimates of $15.37 million. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%.

Insiders Place Their Bets

In other news, major shareholder Christopher Harborne sold 6,766 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $11.50, for a total value of $77,809.00. Following the transaction, the insider now owns 2,272,139 shares of the company's stock, valued at $26,129,598.50. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 80,447 shares of company stock valued at $936,261. 4.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen raised Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Singular Research raised Innovative Solutions and Support to a "strong-buy" rating in a research note on Friday, May 16th.

Innovative Solutions and Support Profile

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.