Innovative Solutions and Support (NASDAQ:ISSC) Sets New 52-Week High – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. JonesTrading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Northland Securities started coverage on shares of Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 target price for the company. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings upgraded 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 given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of $16.25.

Innovative Solutions and Support Price Performance

The firm has a market capitalization of $492.33 million, a PE ratio of 26.37 and a beta of 0.57. The business’s 50 day moving average is $21.00 and its two-hundred day moving average is $14.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly 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. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.The company had revenue of $21.81 million during the quarter, compared to analysts’ expectations of $18.82 million.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP grew its position in shares of Innovative Solutions and Support by 57.4% during the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock valued at $14,290,000 after purchasing an additional 275,286 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in Innovative Solutions and Support by 94.1% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock worth $11,273,000 after buying an additional 288,479 shares in the last quarter. Vanguard Group Inc. increased its stake in Innovative Solutions and Support by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 556,188 shares of the aerospace company’s stock worth $6,947,000 after acquiring an additional 18,866 shares during the last quarter. WealthTrust Axiom LLC increased its stake in Innovative Solutions and Support by 19.4% in the 4th quarter. WealthTrust Axiom LLC now owns 386,370 shares of the aerospace company’s stock worth $7,318,000 after acquiring an additional 62,712 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Innovative Solutions and Support by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company’s stock valued at $7,158,000 after acquiring an additional 5,525 shares in the last quarter. 28.53% of the stock is currently owned by hedge funds and other 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.