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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has received a consensus rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.25.

A number of analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Wall Street Zen cut shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Zacks Research downgraded shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th.

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in Innovative Solutions and Support by 7,484.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after buying an additional 1,422 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Innovative Solutions and Support during the 4th quarter valued at $36,000. Bank of America Corp DE lifted its position in shares of Innovative Solutions and Support by 589.9% during 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 last quarter. Royal Bank of Canada grew its stake in shares of Innovative Solutions and Support by 496.6% during the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 6,342 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Innovative Solutions and Support during the 3rd quarter worth $160,000. 28.53% of the stock is owned by institutional investors.

Innovative Solutions and Support Stock Performance

Shares of Innovative Solutions and Support stock opened at $19.14 on Friday. The business’s fifty day simple moving average is $17.63 and its 200 day simple moving average is $20.89. The company has a current ratio of 3.23, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68. Innovative Solutions and Support has a 12 month low of $8.13 and a 12 month high of $30.94. The firm has a market capitalization of $342.41 million, a P/E ratio of 20.36 and a beta of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Thursday, May 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $22.37 million during the quarter, compared to the consensus estimate of $21.59 million. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%. As a group, analysts anticipate that Innovative Solutions and Support will post 0.97 EPS for the current year.

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.