Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives $16.25 Consensus PT from Analysts

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have received an average recommendation of “Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.25.

A number of equities analysts have commented on ISSC shares. Weiss Ratings cut shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Innovative Solutions and Support by 0.6% in the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock valued at $1,711,000 after acquiring an additional 725 shares during the period. Caitong International Asset Management Co. Ltd increased its position in 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 acquiring an additional 1,422 shares during the period. Legal & General Group Plc bought a new position in Innovative Solutions and Support during the second quarter worth about $26,000. Ritholtz Wealth Management raised its stake in Innovative Solutions and Support by 10.0% in the 1st quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Integrated Quantitative Investments LLC raised its stake in Innovative Solutions and Support by 9.4% in the 4th quarter. Integrated Quantitative Investments LLC now owns 18,193 shares of the aerospace company’s stock worth $345,000 after purchasing an additional 1,556 shares in the last quarter. 28.53% of the stock is owned by institutional investors.

Innovative Solutions and Support Stock Performance

ISSC opened at $19.08 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.97 and a debt-to-equity ratio of 0.63. Innovative Solutions and Support has a 12-month low of $8.13 and a 12-month high of $30.94. The business has a 50 day moving average of $19.81 and a 200-day moving average of $20.86. The stock has a market cap of $341.40 million, a price-to-earnings ratio of 18.17 and a beta of 0.59.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results on Thursday, August 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Innovative Solutions and Support had a return on equity of 30.53% and a net margin of 20.50%.The business had revenue of $26.73 million for the quarter, compared to analyst estimates of $23.98 million. On average, equities research analysts expect that Innovative Solutions and Support will post 0.97 earnings per share 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.