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 rating of “Buy” from the five research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.25.

ISSC has been the subject of several analyst reports. Zacks Research downgraded shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Innovative Solutions and Support in a research report on Friday, May 22nd. Finally, Wall Street Zen cut shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Innovative Solutions and Support by 496.6% during the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after buying an additional 6,342 shares during the period. Empowered Funds LLC acquired a new stake in shares of Innovative Solutions and Support during the 1st quarter worth approximately $321,000. Lazard Asset Management LLC grew its position in shares of Innovative Solutions and Support by 8.8% during the 1st quarter. Lazard Asset Management LLC now owns 111,619 shares of the aerospace company’s stock worth $2,292,000 after buying an additional 9,000 shares during the period. Renaissance Technologies LLC grew its position in shares of Innovative Solutions and Support by 12.6% during the 1st quarter. Renaissance Technologies LLC now owns 302,893 shares of the aerospace company’s stock worth $6,218,000 after buying an additional 33,800 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Innovative Solutions and Support by 7.2% during the 1st quarter. Gabelli Funds LLC now owns 117,770 shares of the aerospace company’s stock worth $2,418,000 after buying an additional 7,957 shares during the period. Institutional investors and hedge funds own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

Shares of Innovative Solutions and Support stock opened at $17.19 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.23 and a quick ratio of 1.53. Innovative Solutions and Support has a fifty-two week low of $8.13 and a fifty-two week high of $30.94. The firm has a fifty day moving average price of $20.88 and a two-hundred day moving average price of $19.46. The company has a market cap of $307.58 million, a PE ratio of 18.29 and a beta of 0.61.

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

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.