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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has been given an average recommendation of “Buy” by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.25.

Several equities analysts have issued reports on ISSC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Innovative Solutions and Support in a research note on Friday, May 22nd. Zacks Research lowered Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Wall Street Zen lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd.

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Innovative Solutions and Support by 7,484.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 1,422 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Innovative Solutions and Support during the fourth quarter worth about $36,000. Royal Bank of Canada grew its stake in shares of Innovative Solutions and Support by 496.6% during the first 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 last quarter. Bank of America Corp DE grew its stake in shares of Innovative Solutions and Support by 589.9% during the third 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 last quarter. Finally, State of Wyoming purchased a new stake in shares of Innovative Solutions and Support during the first quarter worth about $218,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

ISSC opened at $16.82 on Friday. The business’s 50-day moving average is $21.37 and its two-hundred day moving average is $19.34. Innovative Solutions and Support has a 1 year low of $8.13 and a 1 year high of $30.94. 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 firm has a market capitalization of $300.91 million, a PE ratio of 17.89 and a beta of 0.71.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%.The company had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Research analysts anticipate that Innovative Solutions and Support will post 0.95 earnings per share for the current fiscal year.

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.