Jane Street Group LLC Takes $269,000 Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Jane Street Group LLC bought a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 31,442 shares of the aerospace company's stock, valued at approximately $269,000. Jane Street Group LLC owned 0.18% of Innovative Solutions and Support at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ISSC. Renaissance Technologies LLC lifted its holdings in shares of Innovative Solutions and Support by 18.5% during the fourth quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company's stock valued at $4,105,000 after acquiring an additional 75,100 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Innovative Solutions and Support by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 432,030 shares of the aerospace company's stock worth $3,690,000 after purchasing an additional 10,061 shares in the last quarter. Isthmus Partners LLC lifted its holdings in Innovative Solutions and Support by 17.9% during the 4th quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company's stock valued at $1,627,000 after purchasing an additional 28,882 shares during the last quarter. Marshall Wace LLP bought a new position in Innovative Solutions and Support during the 4th quarter valued at about $1,283,000. Finally, Geode Capital Management LLC boosted its position in Innovative Solutions and Support by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 125,592 shares of the aerospace company's stock valued at $1,073,000 after buying an additional 3,835 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Christopher Harborne sold 43,997 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $11.67, for a total value of $513,444.99. Following the completion of the transaction, the insider now owns 2,228,142 shares of the company's stock, valued at $26,002,417.14. The trade was a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 68,503 shares of company stock valued at $795,441. Company insiders own 4.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ISSC shares. Wall Street Zen upgraded shares of 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 report on Friday, May 16th.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC traded down $0.27 during midday trading on Thursday, reaching $11.69. The company's stock had a trading volume of 140,430 shares, compared to its average volume of 197,624. The business's fifty day simple moving average is $7.67 and its 200-day simple moving average is $8.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.22 and a quick ratio of 3.02. Innovative Solutions and Support, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $12.17. The company has a market capitalization of $205.79 million, a P/E ratio of 30.76 and a beta of 0.69.

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. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%. The business had revenue of $21.94 million during the quarter, compared to analyst estimates of $15.37 million.

Innovative Solutions and Support Company 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.