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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has been given an average rating of “Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $16.25.

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

Innovative Solutions and Support Stock Up 0.9%

ISSC stock opened at $18.52 on Friday. The company has a market cap of $331.38 million, a price-to-earnings ratio of 17.64 and a beta of 0.59. The company has a current ratio of 2.97, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63. Innovative Solutions and Support has a 12 month low of $8.13 and a 12 month high of $30.94. The firm has a 50-day moving average of $19.77 and a two-hundred day moving average of $21.00.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, August 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $26.73 million for the quarter, compared to analyst estimates of $23.98 million. Innovative Solutions and Support had a net margin of 20.50% and a return on equity of 30.53%. As a group, analysts forecast that Innovative Solutions and Support will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Innovative Solutions and Support

Several hedge funds have recently bought and sold shares of ISSC. Legal & General Group Plc purchased a new stake in Innovative Solutions and Support during the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd raised its position 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 acquiring an additional 1,422 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter worth approximately $36,000. Royal Bank of Canada boosted its stake in Innovative Solutions and Support by 496.6% in the first quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock valued at $156,000 after acquiring an additional 6,342 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Innovative Solutions and Support during the second quarter worth about $159,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.