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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.25.

ISSC has been the topic of several research reports. Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of institutional investors and hedge funds have recently made changes to their positions in ISSC. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 acquiring an additional 1,422 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Innovative Solutions and Support in the 4th quarter worth about $36,000. Bank of America Corp DE raised its holdings in shares of Innovative Solutions and Support by 589.9% in the 3rd quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 7,792 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Innovative Solutions and Support by 496.6% in the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 6,342 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth about $160,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

Shares of NASDAQ ISSC opened at $16.46 on Tuesday. The firm’s 50-day moving average price is $19.03 and its 200-day moving average price is $20.34. Innovative Solutions and Support has a 1-year low of $8.13 and a 1-year high of $30.94. The firm has a market capitalization of $294.47 million, a P/E ratio of 17.51 and a beta of 0.61. 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 announced its quarterly earnings data on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. The firm had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Equities research analysts anticipate that Innovative Solutions and Support will post 0.97 earnings per share for the current fiscal year.

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.