Wall Street Zen Downgrades Innovative Solutions and Support (NASDAQ:ISSC) to Hold

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also weighed in on ISSC. Zacks Research lowered Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings raised Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Stock Up 3.4%

Shares of NASDAQ:ISSC opened at $16.41 on Friday. The business has a fifty day simple moving average of $22.33 and a 200 day simple moving average of $19.05. Innovative Solutions and Support has a 12-month low of $8.13 and a 12-month high of $30.94. 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 $293.57 million, a P/E ratio of 17.46 and a beta of 0.71.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%.The firm had revenue of $22.37 million during the quarter, compared to analyst estimates of $21.59 million. Analysts predict that Innovative Solutions and Support will post 0.92 earnings per share for the current year.

Institutional Trading of Innovative Solutions and Support

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of 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 worth $1,711,000 after purchasing an additional 725 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in 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 in the last quarter. Ritholtz Wealth Management raised its stake in Innovative Solutions and Support by 10.0% in the first quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock worth $327,000 after buying an additional 1,452 shares in the last quarter. Gamco Investors INC. ET AL raised 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 worth $1,605,000 after buying an additional 1,500 shares in the last quarter. Finally, Meixler Investment Management Ltd. raised 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 worth $210,000 after buying an additional 1,550 shares in the last quarter. 28.53% of the stock is currently 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.