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

Jane Street Group LLC acquired a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,442 shares of the aerospace company’s stock, valued at approximately $269,000. Jane Street Group LLC owned about 0.18% of Innovative Solutions and Support at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of 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 acquiring an additional 1,709 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $1,073,000 after acquiring an additional 3,835 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Innovative Solutions and Support by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 432,030 shares of the aerospace company’s stock worth $3,690,000 after acquiring an additional 10,061 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Innovative Solutions and Support in the fourth quarter worth about $89,000. Finally, Northern Trust Corp increased its holdings in shares of Innovative Solutions and Support by 32.2% in the fourth quarter. Northern Trust Corp now owns 45,043 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 10,961 shares in the last quarter. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Stock Up 2.2%

ISSC stock opened at $11.47 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.22 and a quick ratio of 3.02. The stock has a market capitalization of $201.92 million, a P/E ratio of 30.19 and a beta of 0.69. The business has a 50-day moving average of $7.56 and a 200-day moving average of $8.13. Innovative Solutions and Support, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.18. The company had revenue of $21.94 million during the quarter, compared to analysts’ expectations of $15.37 million. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%.

Analyst Ratings Changes

Several equities research analysts have issued reports on ISSC shares. Singular Research upgraded Innovative Solutions and Support to a “strong-buy” rating in a report on Friday, May 16th. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st.

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.