Innovative Solutions and Support (NASDAQ:ISSC) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a report published on Saturday morning.

Several other analysts have also weighed in on ISSC. Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. JonesTrading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Thursday, January 22nd. Northland Securities began coverage on Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 target price for the company. Finally, Craig Hallum assumed coverage on 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 equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC opened at $24.32 on Friday. The firm has a market capitalization of $432.41 million, a PE ratio of 23.16 and a beta of 0.64. The company has a current ratio of 2.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31. Innovative Solutions and Support has a 1-year low of $5.30 and a 1-year high of $24.97. The business’s 50 day moving average is $19.42 and its 200-day moving average is $14.27.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $21.81 million during the quarter, compared to analysts’ expectations of $18.82 million.

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. acquired a new position in Innovative Solutions and Support during the 3rd quarter worth about $807,000. Navellier & Associates Inc. acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at about $1,148,000. Palisades Investment Partners LLC acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at about $2,927,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Innovative Solutions and Support by 155.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after acquiring an additional 88,442 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of Innovative Solutions and Support during the third quarter worth approximately $351,000. 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.