Man Group plc Makes New Investment in Innovative Solutions and Support, Inc. $ISSC

Key Points

• Man Group plc acquired 142,100 shares of Innovative Solutions and Support during the second quarter, valued at approximately $2.56 million and representing about 0.79% of the company. Institutional investors and hedge funds collectively own 28.53% of ISSC.
• Analysts have recently downgraded ISSC ratings to “Hold,” although the overall consensus remains “Buy” with a price target of $16.25.
• ISSC reported quarterly earnings of $0.33 per share, exceeding estimates of $0.22, while revenue of $26.73 million also surpassed expectations. The stock opened at $20.65, within a 12-month range of $8.13 to $30.94.

Man Group plc acquired a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 142,100 shares of the aerospace company's stock, valued at approximately $2,558,000. Man Group plc owned about 0.79% of Innovative Solutions and Support at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ISSC. Legal & General Group Plc acquired a new position in shares of Innovative Solutions and Support during the second quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its stake 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 in the last quarter. Global Retirement Partners LLC acquired a new stake in Innovative Solutions and Support in the fourth quarter valued at $36,000. Royal Bank of Canada lifted its holdings in 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 worth $156,000 after buying 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 worth about $159,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ISSC shares. Zacks Research lowered Innovative Solutions and Support from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 15th. 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. Finally, Weiss Ratings cut shares of Innovative Solutions and Support from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $16.25.

Innovative Solutions and Support Price Performance

ISSC stock opened at $20.65 on Tuesday. 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 company has a market capitalization of $369.49 million, a P/E ratio of 19.67 and a beta of 0.59. The business has a 50 day simple moving average of $19.65 and a 200-day simple moving average of $21.05. Innovative Solutions and Support, Inc. has a twelve month low of $8.13 and a twelve month high of $30.94.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source