Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Down 40.1% in April

Innovative Solutions and Support, Inc. (NASDAQ:ISSC – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 414,616 shares, a drop of 40.1% from the April 15th total of 691,727 shares. Based on an average daily volume of 473,401 shares, the short-interest ratio is currently 0.9 days. Currently, 2.5% of the shares of the company are sold short.

Analysts Set New Price Targets

ISSC has been the subject of a number of research analyst reports. Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Three investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Innovative Solutions and Support currently has an average rating of “Strong Buy” and a consensus target price of $16.25.

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Institutional Investors Weigh In On Innovative Solutions and Support

A number of institutional investors have recently made changes to their positions in the company. Marshall Wace LLP boosted its holdings in shares of Innovative Solutions and Support by 57.4% during the fourth 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 period. Punch & Associates Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 288,479 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Innovative Solutions and Support by 3.5% during the third 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 period. WealthTrust Axiom LLC boosted its holdings in shares of Innovative Solutions and Support by 19.4% during the fourth 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 period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Innovative Solutions and Support by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company’s stock worth $7,158,000 after acquiring an additional 5,525 shares during the period. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Stock Performance

Innovative Solutions and Support stock traded down $0.01 during midday trading on Monday, reaching $16.26. 662,072 shares of the company’s stock were exchanged, compared to its average volume of 517,492. Innovative Solutions and Support has a 52 week low of $8.13 and a 52 week high of $30.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96. The firm has a market cap of $289.10 million, a price-to-earnings ratio of 17.30 and a beta of 0.71. The stock’s 50-day simple moving average is $23.36 and its 200 day simple moving average is $18.93.

Innovative Solutions and Support (NASDAQ:ISSC – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Innovative Solutions and Support had a return on equity of 28.46% and a net margin of 18.82%.The business had revenue of $22.37 million during the quarter, compared to analysts’ expectations of $21.59 million. On average, analysts expect that Innovative Solutions and Support will post 0.92 earnings per share for the current fiscal year.

About Innovative Solutions and Support

(Get Free Report)

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.

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