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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has been given a consensus rating of “Strong Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.25.

A number of research analysts recently commented on ISSC shares. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Jones Trading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Northland Securities started coverage on shares of Innovative Solutions and Support in a research note on Friday, November 21st. They issued an “outperform” rating and a $16.50 price target for the company. Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Wednesday, October 8th.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $21.64 on Friday. The firm has a 50-day moving average of $15.16 and a two-hundred day moving average of $13.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.04 and a quick ratio of 1.50. The stock has a market cap of $384.11 million, a P/E ratio of 24.87 and a beta of 0.67. Innovative Solutions and Support has a 1-year low of $5.30 and a 1-year high of $22.60.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of hedge funds have recently bought and sold shares of ISSC. Bank of America Corp DE increased its holdings in Innovative Solutions and Support by 589.9% in the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after buying an additional 7,792 shares during the last quarter. Matauro LLC acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter worth approximately $125,000. Quantbot Technologies LP bought a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $160,000. American Century Companies Inc. increased its holdings in shares of Innovative Solutions and Support by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after acquiring an additional 2,228 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at approximately $180,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

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.