Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives Consensus Recommendation of “Strong Buy” from Analysts

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has been given an average rating of “Strong Buy” by the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.25.

A number of equities research analysts have recently weighed in on ISSC shares. Wall Street Zen raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Thursday, January 22nd. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Northland Securities initiated coverage on shares of Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective on the stock. Finally, Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th.

Innovative Solutions and Support Trading Up 8.0%

NASDAQ:ISSC opened at $21.41 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 3.04 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $18.65 and a 200 day moving average of $14.11. The firm has a market capitalization of $380.67 million, a P/E ratio of 20.39 and a beta of 0.64. Innovative Solutions and Support has a 52 week low of $5.30 and a 52 week high of $23.80.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Innovative Solutions and Support had a return on equity of 31.80% and a net margin of 21.02%.The company had revenue of $21.81 million for the quarter, compared to the consensus estimate of $18.82 million.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its stake 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 worth $27,000 after buying 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 valued at about $36,000. Bank of America Corp DE raised its position in Innovative Solutions and Support by 589.9% during the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 7,792 shares during the period. Matauro LLC bought a new stake in Innovative Solutions and Support in the third quarter worth $125,000. Finally, Quantbot Technologies LP bought a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth about $160,000. 28.53% of the stock is currently owned by 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.