Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.24 and traded as high as $30.92. Innovative Solutions and Support shares last traded at $29.96, with a volume of 643,809 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on ISSC. Wall Street Zen cut shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings raised Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Craig Hallum started coverage on Innovative Solutions and Support in a report on Friday, December 5th. They issued a “buy” rating and a $16.00 target price on the stock. 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, JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of $16.25.

Innovative Solutions and Support Price Performance

The company has a market capitalization of $532.69 million, a P/E ratio of 28.53 and a beta of 0.57. The business’s 50-day moving average is $23.75 and its two-hundred day moving average is $16.24. The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $21.81 million during the quarter, compared to the consensus estimate of $18.82 million. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%.

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently made changes to their positions in the business. Marshall Wace LLP boosted its holdings in shares of Innovative Solutions and Support by 57.4% in the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock worth $14,290,000 after buying an additional 275,286 shares during the last quarter. Punch & Associates Investment Management Inc. raised its position in Innovative Solutions and Support by 94.1% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock worth $11,273,000 after acquiring an additional 288,479 shares during the period. Vanguard Group Inc. raised its position in Innovative Solutions and Support by 3.5% in the third quarter. Vanguard Group Inc. now owns 556,188 shares of the aerospace company’s stock worth $6,947,000 after acquiring an additional 18,866 shares during the period. WealthTrust Axiom LLC boosted its stake in Innovative Solutions and Support by 19.4% in the fourth quarter. WealthTrust Axiom LLC now owns 386,370 shares of the aerospace company’s stock valued at $7,318,000 after acquiring an additional 62,712 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Innovative Solutions and Support by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company’s stock worth $7,158,000 after purchasing an additional 5,525 shares during the last quarter. 28.53% of the stock is owned by hedge funds and other 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.