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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have been assigned a consensus rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.25.

Several analysts have recently weighed in on ISSC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Innovative Solutions and Support in a research report on Friday, May 22nd. Zacks Research downgraded Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd.

Innovative Solutions and Support Stock Down 0.3%

NASDAQ:ISSC opened at $16.82 on Friday. Innovative Solutions and Support has a twelve month low of $8.13 and a twelve month high of $30.94. The company has a market cap of $300.91 million, a price-to-earnings ratio of 17.89 and a beta of 0.71. The stock has a fifty day simple moving average of $21.37 and a 200-day simple moving average of $19.34. The company has a current ratio of 3.23, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results 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 business had revenue of $22.37 million during the quarter, compared to the consensus estimate of $21.59 million. Analysts anticipate that Innovative Solutions and Support will post 0.95 EPS for the current year.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently made changes to their positions in the company. Navellier & Associates Inc. bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $1,148,000. WINTON GROUP Ltd bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $1,122,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at about $1,224,000. Teton Advisors LLC bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $1,707,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $889,000. 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.