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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have been given a consensus recommendation of “Strong Buy” by the six brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on 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.

ISSC has been the subject of several recent research reports. JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd.

Innovative Solutions and Support Stock Down 3.9%

NASDAQ ISSC opened at $23.52 on Thursday. The business has a fifty day moving average price of $24.60 and a 200 day moving average price of $17.59. Innovative Solutions and Support has a one year low of $5.78 and a one year 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 company has a market cap of $418.19 million, a P/E ratio of 22.40 and a beta of 0.70.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.The firm had revenue of $21.81 million during the quarter, compared to the consensus estimate of $18.82 million.

Institutional Trading of Innovative Solutions and Support

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in 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 valued at $1,711,000 after buying an additional 725 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Innovative Solutions and Support by 7,484.2% in 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 buying an additional 1,422 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Innovative Solutions and Support by 1.2% in 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 buying an additional 1,500 shares in the last quarter. Meixler Investment Management Ltd. grew its holdings in Innovative Solutions and Support by 10.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock valued at $210,000 after buying an additional 1,550 shares in the last quarter. Finally, Integrated Quantitative Investments LLC grew its holdings in Innovative Solutions and Support by 9.4% in the 4th quarter. Integrated Quantitative Investments LLC now owns 18,193 shares of the aerospace company’s stock valued at $345,000 after buying an additional 1,556 shares in the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

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.