Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Given Consensus Recommendation of “Buy” by Analysts

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

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

Institutional Investors Weigh In On Innovative Solutions and Support

A number of institutional investors and hedge funds have recently modified their holdings of ISSC. Geode Capital Management LLC increased its position in shares of Innovative Solutions and Support by 0.6% in the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after acquiring an additional 725 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in 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 purchasing an additional 1,422 shares in the last quarter. Ritholtz Wealth Management grew its position in Innovative Solutions and Support by 10.0% during the 1st quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 1,452 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Innovative Solutions and Support by 1.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 128,500 shares of the aerospace company’s stock worth $1,605,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Meixler Investment Management Ltd. grew its position in Innovative Solutions and Support by 10.1% during the 3rd quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,550 shares in the last quarter. 28.53% of the stock is owned by institutional investors and hedge funds.

Innovative Solutions and Support Trading Up 6.8%

Shares of Innovative Solutions and Support stock opened at $18.07 on Friday. The company has a quick ratio of 1.53, a current ratio of 3.23 and a debt-to-equity ratio of 0.68. The firm has a market cap of $323.18 million, a price-to-earnings ratio of 19.22 and a beta of 0.61. The business has a fifty day simple moving average of $20.20 and a 200-day simple moving average of $19.64. Innovative Solutions and Support has a fifty-two week low of $8.13 and a fifty-two week high of $30.94.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $22.37 million during the quarter, compared to analyst estimates of $21.59 million. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%. On average, equities analysts forecast that Innovative Solutions and Support will post 0.97 EPS for the current fiscal year.

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.