Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives Average Recommendation of “Buy” from Brokerages

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

A number of research analysts recently weighed in on the company. Zacks Research downgraded Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. 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, Wall Street Zen cut Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.

Institutional Trading of Innovative Solutions and Support

A number of institutional investors and hedge funds have recently modified their holdings of ISSC. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 worth $27,000 after buying an additional 1,422 shares during the period. Global Retirement Partners LLC bought a new position in Innovative Solutions and Support in the 4th quarter worth $36,000. Royal Bank of Canada raised its holdings in Innovative Solutions and Support by 496.6% in the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 6,342 shares during the period. Bank of America Corp DE raised its holdings in Innovative Solutions and Support by 589.9% in the 3rd quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 7,792 shares during the period. Finally, State of Wyoming acquired a new position in Innovative Solutions and Support during the 1st quarter worth $218,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

Innovative Solutions and Support Trading Up 1.0%

Innovative Solutions and Support stock opened at $18.46 on Friday. Innovative Solutions and Support has a one year low of $8.13 and a one year high of $30.94. The company’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $20.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.23 and a quick ratio of 1.53. The company has a market capitalization of $330.25 million, a price-to-earnings ratio of 19.64 and a beta of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) last announced 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. The company had revenue of $22.37 million during the quarter, compared to analysts’ expectations of $21.59 million. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%. On average, analysts forecast that Innovative Solutions and Support will post 0.97 earnings per share 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.