Brokerages Set Innovative Solutions and Support, Inc. (NASDAQ:ISSC) PT at $16.25

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

Several equities analysts have weighed in on ISSC shares. Wall Street Zen cut Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Zacks Research cut Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th.

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in 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 purchasing an additional 1,422 shares during the last quarter. Global Retirement Partners LLC bought a new position in Innovative Solutions and Support during the fourth quarter valued at about $36,000. Bank of America Corp DE raised its holdings in 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 valued at $114,000 after acquiring an additional 7,792 shares in the last quarter. Royal Bank of Canada lifted its position 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 period. Finally, Quantbot Technologies LP bought a new position in Innovative Solutions and Support in the third quarter worth $160,000. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Stock Down 1.0%

Shares of NASDAQ:ISSC opened at $19.03 on Friday. The firm has a 50 day simple moving average of $17.53 and a 200 day simple moving average of $20.89. Innovative Solutions and Support has a 52 week low of $8.13 and a 52 week high of $30.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23. The company has a market cap of $340.45 million, a PE ratio of 20.24 and a beta of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, May 14th. The aerospace company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $22.37 million during the quarter, compared to analysts’ expectations of $21.59 million. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%. As a group, research analysts expect that Innovative Solutions and Support will post 0.97 earnings per share for the current year.

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.