Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has received an average rating of “Strong Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $16.25.

ISSC has been the subject of several analyst reports. Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Craig Hallum began coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They set a “buy” rating and a $16.00 target price on the stock. Finally, JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th.

Innovative Solutions and Support Price Performance

Shares of Innovative Solutions and Support stock opened at $25.06 on Wednesday. The stock has a market cap of $445.57 million, a price-to-earnings ratio of 23.87 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96. The stock has a 50 day moving average price of $19.93 and a 200-day moving average price of $14.35. Innovative Solutions and Support has a one year low of $5.30 and a one year high of $25.15.

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

Institutional Trading of Innovative Solutions and Support

Large investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. purchased a new position in Innovative Solutions and Support in the 3rd quarter worth about $807,000. Navellier & Associates Inc. bought a new stake in shares of Innovative Solutions and Support during the third quarter valued at approximately $1,148,000. Palisades Investment Partners LLC purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at approximately $2,927,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Innovative Solutions and Support by 155.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after purchasing an additional 88,442 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $889,000. 28.53% of the stock is owned by hedge funds and other institutional investors.

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.