Innovative Solutions and Support (NASDAQ:ISSC) Shares Cross Above 200 Day Moving Average – What’s Next?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.24 and traded as high as $30.92. Innovative Solutions and Support shares last traded at $29.96, with a volume of 643,809 shares traded.

Wall Street Analyst Weigh In

ISSC has been the topic of a number of analyst reports. JonesTrading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. 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 target on the stock. Wall Street Zen cut Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings raised Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Price 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 firm’s fifty day moving average price is $23.99 and its 200 day moving average price is $16.41. The stock has a market cap of $462.81 million, a PE ratio of 24.79 and a beta of 0.57.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results 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 net margin of 21.02% and a return on equity of 30.44%.

Institutional Investors Weigh In On Innovative Solutions and Support

Several large investors have recently made changes to their positions in the company. Stifel Financial Corp purchased a new stake in shares of Innovative Solutions and Support in the fourth quarter worth about $5,529,000. Punch & Associates Investment Management Inc. grew its holdings in Innovative Solutions and Support by 94.1% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock valued at $11,273,000 after buying an additional 288,479 shares in the last quarter. Marshall Wace LLP increased its stake in Innovative Solutions and Support by 57.4% in the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock worth $14,290,000 after acquiring an additional 275,286 shares during the last quarter. Millennium Management LLC increased its stake in 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 acquiring an additional 259,561 shares during the last quarter. Finally, Palisades Investment Partners LLC purchased a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $2,927,000. 28.53% of the stock is owned by institutional investors.

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.