Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Given Average Rating of “Strong Buy” by Brokerages

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has been given an average recommendation of “Strong Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.25.

Several research firms have recently commented on ISSC. Craig Hallum assumed coverage on shares of Innovative Solutions and Support in a research note on Friday, December 5th. They set a “buy” rating and a $16.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. 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 price objective on the stock. Finally, 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.

Institutional Trading of Innovative Solutions and Support

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake in shares of Innovative Solutions and Support by 7,484.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 1,422 shares during the period. Global Retirement Partners LLC acquired a new stake in Innovative Solutions and Support during the 4th quarter worth approximately $36,000. Bank of America Corp DE boosted its position in Innovative Solutions and Support by 589.9% in the 3rd quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after buying an additional 7,792 shares during the period. Matauro LLC acquired a new position in shares of Innovative Solutions and Support in the third quarter worth $125,000. Finally, American Century Companies Inc. increased its holdings in Innovative Solutions and Support by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock worth $172,000 after purchasing an additional 2,228 shares during the period. 28.53% of the stock is owned by institutional investors and hedge funds.

Innovative Solutions and Support Trading Up 8.0%

NASDAQ ISSC opened at $21.41 on Wednesday. The company has a market capitalization of $380.67 million, a price-to-earnings ratio of 20.39 and a beta of 0.64. Innovative Solutions and Support has a one year low of $5.30 and a one year high of $23.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 3.04. The company’s 50-day simple moving average is $18.65 and its two-hundred day simple moving average is $14.11.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. Innovative Solutions and Support had a return on equity of 31.80% and a net margin of 21.02%.The business had revenue of $21.81 million for the quarter, compared to analysts’ expectations of $18.82 million.

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.