Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Upgraded by Wall Street Zen

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued reports about the company. Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Craig Hallum began coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They issued a “buy” rating and a $16.00 price target on the stock. JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Finally, Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Four analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $16.25.

Innovative Solutions and Support Price Performance

Shares of ISSC stock opened at $21.50 on Friday. Innovative Solutions and Support has a 52-week low of $5.30 and a 52-week high of $30.94. The stock has a market cap of $382.27 million, a price-to-earnings ratio of 20.48 and a beta of 0.57. The firm’s 50-day moving average is $23.98 and its 200-day moving average is $16.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently made changes to their positions in ISSC. Caitong International Asset Management Co. Ltd increased its stake in shares of Innovative Solutions and Support by 7,484.2% during the fourth 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 period. Global Retirement Partners LLC bought a new stake in Innovative Solutions and Support in the 4th quarter valued at $36,000. Bank of America Corp DE grew 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 buying an additional 7,792 shares in the last quarter. Matauro LLC acquired a new position in Innovative Solutions and Support in the 3rd quarter valued at $125,000. Finally, Quantbot Technologies LP bought a new position in Innovative Solutions and Support during the 3rd quarter worth $160,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.