Innovative Solutions and Support (NASDAQ:ISSC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Several other research firms have also recently commented on ISSC. Weiss Ratings upgraded shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Craig Hallum initiated coverage on shares of Innovative Solutions and Support in a research report on Friday, December 5th. They set a “buy” rating and a $16.00 price objective for the company. Finally, JonesTrading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Innovative Solutions and Support has a consensus rating of “Strong Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Stock Performance

Shares of NASDAQ ISSC opened at $21.50 on Friday. Innovative Solutions and Support has a 12 month low of $5.30 and a 12 month high of $30.94. The company has a market cap of $382.27 million, a P/E ratio of 20.48 and a beta of 0.57. The business’s 50 day moving average is $23.98 and its two-hundred day moving average is $16.56. The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. The company had revenue of $21.81 million during the quarter, compared to analysts’ expectations of $18.82 million. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently bought and sold shares of ISSC. Jane Street Group LLC lifted its holdings in shares of Innovative Solutions and Support by 53.5% during the 1st quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company’s stock worth $303,000 after acquiring an additional 16,808 shares during the period. Geode Capital Management LLC increased its stake in Innovative Solutions and Support by 0.6% in the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock valued at $1,711,000 after acquiring an additional 725 shares during the period. JPMorgan Chase & Co. bought a new stake in Innovative Solutions and Support in the second quarter valued at about $848,000. American Century Companies Inc. raised its position in 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 purchasing an additional 2,228 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Innovative Solutions and Support in the second quarter worth about $274,000. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Company 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.