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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSCGet Free Report) have been given a consensus recommendation of “Buy” by the five research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.25.

A number of research analysts recently commented on ISSC shares. Zacks Research cut Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings cut Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.

Read Our Latest Stock Report on Innovative Solutions and Support

Institutional Trading of Innovative Solutions and Support

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Innovative Solutions and Support by 0.6% during the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after purchasing an additional 725 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 1,422 shares during the period. Ritholtz Wealth Management lifted its holdings in Innovative Solutions and Support by 10.0% in the first quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock worth $327,000 after buying an additional 1,452 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Innovative Solutions and Support by 1.2% in the third quarter. Gamco Investors INC. ET AL now owns 128,500 shares of the aerospace company’s stock worth $1,605,000 after buying an additional 1,500 shares during the period. Finally, Integrated Quantitative Investments LLC lifted its holdings in Innovative Solutions and Support by 9.4% in the fourth quarter. Integrated Quantitative Investments LLC now owns 18,193 shares of the aerospace company’s stock worth $345,000 after buying an additional 1,556 shares during the period. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Trading Up 5.3%

Innovative Solutions and Support stock opened at $17.89 on Tuesday. The stock has a market cap of $320.05 million, a P/E ratio of 19.03 and a beta of 0.61. Innovative Solutions and Support has a fifty-two week low of $8.13 and a fifty-two week high of $30.94. The firm’s fifty day moving average price is $18.43 and its 200-day moving average price is $20.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23.

Innovative Solutions and Support (NASDAQ:ISSCGet Free Report) last announced its earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $22.37 million during the quarter, compared to analyst estimates of $21.59 million. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. Equities research 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

(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.

Further Reading

Analyst Recommendations for Innovative Solutions and Support (NASDAQ:ISSC)

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