Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives $16.25 Average Price Target from Analysts

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has been given an average recommendation of “Buy” by the five research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.25.

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings downgraded shares of Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, 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.

Innovative Solutions and Support Stock Performance

Shares of ISSC stock opened at $18.06 on Tuesday. The company has a market capitalization of $323.09 million, a price-to-earnings ratio of 19.21 and a beta of 0.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23. The company has a 50-day simple moving average of $18.36 and a 200 day simple moving average of $20.59. Innovative Solutions and Support has a 52 week low of $8.13 and a 52 week high of $30.94.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in Innovative Solutions and Support by 7,484.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 1,422 shares during the last quarter. Global Retirement Partners LLC bought a new position in Innovative Solutions and Support in the 4th quarter valued at approximately $36,000. Bank of America Corp DE lifted its stake 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 purchasing an additional 7,792 shares during the last quarter. Royal Bank of Canada lifted its stake in Innovative Solutions and Support by 496.6% in the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 6,342 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Innovative Solutions and Support in the 3rd quarter valued at approximately $160,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

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.