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

Jane Street Group LLC purchased a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,442 shares of the aerospace company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ISSC. Marshall Wace LLP bought a new stake in Innovative Solutions and Support during the fourth quarter worth $1,283,000. Renaissance Technologies LLC lifted its position in shares of Innovative Solutions and Support by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company’s stock valued at $4,105,000 after buying an additional 75,100 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Innovative Solutions and Support by 100.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock valued at $1,024,000 after buying an additional 59,940 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $339,000. Finally, Walleye Capital LLC acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $287,000. 28.53% of the stock is owned by institutional investors.

Innovative Solutions and Support Price Performance

Shares of NASDAQ ISSC opened at $11.47 on Wednesday. The business’s 50 day moving average is $7.56 and its 200-day moving average is $8.13. Innovative Solutions and Support, Inc. has a 1-year low of $5.25 and a 1-year high of $12.17. 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 firm has a market cap of $201.92 million, a P/E ratio of 30.19 and a beta of 0.69.

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

Analysts Set New Price Targets

ISSC has been the subject of a number of recent analyst reports. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st. Singular Research upgraded Innovative Solutions and Support to a “strong-buy” rating in a research note on Friday, May 16th.

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.