Innovative Solutions and Support (NASDAQ:ISSC) Hits New 12-Month High – Still a Buy?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.38 and last traded at $28.19, with a volume of 126874 shares. The stock had previously closed at $27.97.

Analysts Set New Price Targets

ISSC has been the subject of several recent research reports. Northland Securities started coverage on Innovative Solutions and Support in a report on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective for the company. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings upgraded shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. JonesTrading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Finally, Craig Hallum assumed coverage on shares of Innovative Solutions and Support in a research report on Friday, December 5th. They set a “buy” rating and a $16.00 target price for the company. Four analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Stock Down 3.0%

The company has a current ratio of 2.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $502.29 million, a PE ratio of 26.91 and a beta of 0.57. The stock’s fifty day simple moving average is $21.37 and its 200-day simple moving average is $14.88.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%. The company had revenue of $21.81 million during the quarter, compared to the consensus estimate of $18.82 million.

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of Innovative Solutions and Support by 7,484.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 1,422 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Innovative Solutions and Support in the fourth quarter worth $36,000. Bank of America Corp DE grew its stake 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 purchasing an additional 7,792 shares during the period. Matauro LLC purchased a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $125,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $160,000. 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.