Independent Advisor Alliance Purchases Shares of 34,530 Innovative Solutions and Support, Inc. $ISSC

Independent Advisor Alliance acquired a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,530 shares of the aerospace company’s stock, valued at approximately $431,000. Independent Advisor Alliance owned 0.20% of Innovative Solutions and Support at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Matauro LLC purchased a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $125,000. American Century Companies Inc. lifted its holdings in shares of Innovative Solutions and Support by 21.9% in the second quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock worth $172,000 after buying an additional 2,228 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in shares of Innovative Solutions and Support by 31.4% during the second quarter. Meixler Investment Management Ltd. now owns 15,275 shares of the aerospace company’s stock worth $212,000 after acquiring an additional 3,650 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Innovative Solutions and Support by 12.4% during the second quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company’s stock worth $213,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Innovative Solutions and Support during the second quarter valued at $224,000. Institutional investors own 28.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ISSC shares. Northland Securities started coverage on Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 target price on the stock. Craig Hallum began coverage on Innovative Solutions and Support in a report on Friday, December 5th. They set a “buy” rating and a $16.00 price objective on the stock. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Stock Down 3.3%

NASDAQ ISSC opened at $18.03 on Friday. The company has a quick ratio of 1.50, a current ratio of 3.04 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $17.05 and a two-hundred day moving average of $13.87. The firm has a market capitalization of $320.57 million, a price-to-earnings ratio of 20.72 and a beta of 0.64. Innovative Solutions and Support, Inc. has a 52 week low of $5.30 and a 52 week high of $22.60.

Innovative Solutions and Support Profile

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.