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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have received a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.25.

Several equities analysts recently commented on ISSC shares. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Craig Hallum started coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They set a “buy” rating and a $16.00 target price on the stock. Northland Capmk upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a research report on Friday, November 21st. Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Finally, Northland Securities began coverage on Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 price objective for the company.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently bought and sold shares of ISSC. Geode Capital Management LLC raised its position in shares of 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. Gamco Investors INC. ET AL increased its stake 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 valued at $1,605,000 after acquiring an additional 1,500 shares during the last quarter. Meixler Investment Management Ltd. increased its stake in Innovative Solutions and Support by 10.1% in the third quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock valued at $210,000 after acquiring an additional 1,550 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Innovative Solutions and Support by 12.4% during the second quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company’s stock valued at $213,000 after purchasing an additional 1,700 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Innovative Solutions and Support by 4.0% during the first quarter. HighTower Advisors LLC now owns 48,987 shares of the aerospace company’s stock worth $308,000 after purchasing an additional 1,880 shares during the last quarter. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock opened at $19.41 on Tuesday. The stock’s 50 day moving average is $11.08 and its 200-day moving average is $12.64. The company has a market capitalization of $344.53 million, a price-to-earnings ratio of 22.31 and a beta of 0.77. Innovative Solutions and Support has a 12 month low of $5.30 and a 12 month high of $20.39. The company has a current ratio of 3.04, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34.

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.