Innovative Solutions and Support (NASDAQ:ISSC) Hits New 12-Month High – What’s Next?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.38 and last traded at $28.19, with a volume of 126874 shares traded. The stock had previously closed at $27.97.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ISSC shares. Weiss Ratings upgraded shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Sunday. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Craig Hallum assumed coverage on Innovative Solutions and Support in a report on Friday, December 5th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Four analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of $16.25.

Innovative Solutions and Support Stock Performance

The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $21.00 and a 200 day moving average price of $14.68. The stock has a market cap of $492.33 million, a PE ratio of 26.37 and a beta of 0.57.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Several hedge funds and other institutional investors have recently modified their holdings of ISSC. XTX Topco Ltd boosted its holdings in shares of Innovative Solutions and Support by 26.9% during the fourth quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company’s stock worth $761,000 after purchasing an additional 8,508 shares during the period. Quadrature Capital Ltd purchased a new stake in Innovative Solutions and Support in the 4th quarter worth approximately $311,000. Millennium Management LLC grew its position in shares of Innovative Solutions and Support by 1,234.9% in the 4th quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock worth $5,314,000 after buying an additional 259,561 shares during the last quarter. Man Group plc increased its stake in shares of Innovative Solutions and Support by 140.0% during the fourth quarter. Man Group plc now owns 154,716 shares of the aerospace company’s stock valued at $2,930,000 after buying an additional 90,259 shares during the period. Finally, 683 Capital Management LLC bought a new position in shares of Innovative Solutions and Support during the fourth quarter valued at approximately $852,000. 28.53% of the stock is owned by institutional investors.

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.