Innovative Solutions and Support (NASDAQ:ISSC) Raised to Buy at Wall Street Zen

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other equities research analysts have also commented on ISSC. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Craig Hallum began coverage on shares of Innovative Solutions and Support in a research note on Friday, December 5th. They set a “buy” rating and a $16.00 price objective for the company. Finally, 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. Four analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, Innovative Solutions and Support has a consensus rating of “Strong Buy” and an average target price of $16.25.

Innovative Solutions and Support Stock Performance

Shares of ISSC opened at $21.50 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96. The stock has a 50-day moving average of $23.98 and a two-hundred day moving average of $16.52. The stock has a market cap of $382.27 million, a P/E ratio of 20.48 and a beta of 0.57. Innovative Solutions and Support has a one year low of $5.30 and a one year high of $30.94.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.The business had revenue of $21.81 million for the quarter, compared to analyst estimates of $18.82 million.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of hedge funds have recently bought and sold shares of ISSC. Stifel Financial Corp acquired a new stake in Innovative Solutions and Support in the fourth quarter valued at approximately $5,529,000. Punch & Associates Investment Management Inc. raised its stake in shares of Innovative Solutions and Support by 94.1% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock worth $11,273,000 after buying an additional 288,479 shares during the period. Marshall Wace LLP lifted its position in shares of Innovative Solutions and Support by 57.4% during the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock valued at $14,290,000 after buying an additional 275,286 shares in the last quarter. Millennium Management LLC lifted its position in shares of Innovative Solutions and Support by 1,234.9% during the 4th quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock valued at $5,314,000 after buying an additional 259,561 shares in the last quarter. Finally, Palisades Investment Partners LLC acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at $2,927,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

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.