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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have been assigned a consensus rating of “Strong Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.25.

Several analysts have commented on the stock. Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Craig Hallum started coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They issued a “buy” rating and a $16.00 price objective for the company. JonesTrading raised shares of Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Finally, Northland Securities began coverage on Innovative Solutions and Support in a report on Friday, November 21st. They set an “outperform” rating and a $16.50 target price on the stock.

Innovative Solutions and Support Stock Performance

Shares of ISSC stock opened at $29.39 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.53. Innovative Solutions and Support has a fifty-two week low of $5.30 and a fifty-two week high of $30.94. The stock’s 50-day moving average is $23.35 and its two-hundred day moving average is $15.95. The firm has a market cap of $522.55 million, a P/E ratio of 27.99 and a beta of 0.57.

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 the consensus estimate of $0.10 by $0.15. The business had revenue of $21.81 million during the quarter, compared to analyst estimates of $18.82 million. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Innovative Solutions and Support by 0.6% during the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock valued at $1,711,000 after purchasing an additional 725 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Innovative Solutions and Support by 7,484.2% in the fourth 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 during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of 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 buying an additional 1,500 shares during the period. Meixler Investment Management Ltd. boosted its holdings in shares of 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 buying an additional 1,550 shares during the period. Finally, Integrated Quantitative Investments LLC grew its stake 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 during the last quarter. 28.53% of the stock is owned by institutional investors.

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.