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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have earned an average rating of “Strong Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating on 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 research firms have weighed in on ISSC. JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Northland Securities assumed coverage on Innovative Solutions and Support in a research report on Friday, November 21st. They issued an “outperform” rating and a $16.50 target price for the company. Wall Street Zen cut Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th.

Innovative Solutions and Support Trading Down 0.8%

Shares of ISSC opened at $27.71 on Friday. The firm’s 50-day moving average price is $22.49 and its 200-day moving average price is $15.51. The firm has a market capitalization of $492.68 million, a price-to-earnings ratio of 26.39 and a beta of 0.57. The company has a current ratio of 2.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. Innovative Solutions and Support has a 1-year low of $5.30 and a 1-year high of $30.94.

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 (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%. The company had revenue of $21.81 million for the quarter, compared to analysts’ expectations of $18.82 million.

Institutional Trading of Innovative Solutions and Support

A number of hedge funds have recently modified their holdings of ISSC. Geode Capital Management LLC grew its position in shares of Innovative Solutions and Support by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after buying an additional 725 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Innovative Solutions and Support by 7,484.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 1,422 shares during the period. Gamco Investors INC. ET AL lifted its position in Innovative Solutions and Support by 1.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 128,500 shares of the aerospace company’s stock valued at $1,605,000 after acquiring an additional 1,500 shares during the period. Meixler Investment Management Ltd. boosted its stake in Innovative Solutions and Support by 10.1% during the third quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock worth $210,000 after acquiring an additional 1,550 shares in the last quarter. Finally, Integrated Quantitative Investments LLC boosted its stake in Innovative Solutions and Support by 9.4% during the fourth quarter. Integrated Quantitative Investments LLC now owns 18,193 shares of the aerospace company’s stock worth $345,000 after acquiring an additional 1,556 shares in the last quarter. Institutional investors own 28.53% of the company’s stock.

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.