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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have been assigned an average recommendation of “Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.25.

Several brokerages recently issued reports on ISSC. Wall Street Zen cut Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings lowered Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, Zacks Research cut 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

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in Innovative Solutions and Support by 53.5% during the first 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 last quarter. Geode Capital Management LLC raised its holdings in shares of 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 worth $1,711,000 after acquiring an additional 725 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Innovative Solutions and Support during the 2nd quarter worth about $848,000. American Century Companies Inc. raised its stake in Innovative Solutions and Support by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 2,228 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Innovative Solutions and Support by 415.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 157,250 shares of the aerospace company’s stock valued at $2,183,000 after purchasing an additional 126,729 shares during the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Trading Up 1.3%

Shares of Innovative Solutions and Support stock opened at $20.00 on Wednesday. The company has a 50-day moving average of $18.34 and a two-hundred day moving average of $20.82. The stock has a market cap of $357.80 million, a PE ratio of 21.28 and a beta of 0.59. 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.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%.The business had revenue of $22.37 million for the quarter, compared to analysts’ expectations of $21.59 million. On average, research analysts anticipate that Innovative Solutions and Support will post 0.97 EPS for the current fiscal year.

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.