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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has received an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.25.

Several research firms have issued reports on ISSC. Northland Capmk upgraded Innovative Solutions and Support to a “strong-buy” rating in a research report on Friday, November 21st. Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Wednesday, October 8th. Northland Securities started coverage on shares of Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 target price on the stock. Finally, Craig Hallum started coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They issued a “buy” rating and a $16.00 price target for the company.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of institutional investors and hedge funds have recently modified their holdings of ISSC. NewEdge Advisors LLC raised its holdings in Innovative Solutions and Support by 60.9% during the third quarter. NewEdge Advisors LLC now owns 20,400 shares of the aerospace company’s stock worth $255,000 after purchasing an additional 7,722 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Innovative Solutions and Support by 46.0% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 306,695 shares of the aerospace company’s stock worth $3,831,000 after buying an additional 96,695 shares during the last quarter. Bank of America Corp DE boosted its position in shares of 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 worth $114,000 after buying an additional 7,792 shares in the last quarter. Lazard Asset Management LLC grew its stake in Innovative Solutions and Support by 152.9% in the 3rd quarter. Lazard Asset Management LLC now owns 109,829 shares of the aerospace company’s stock valued at $1,372,000 after acquiring an additional 66,403 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in Innovative Solutions and Support during the 3rd quarter valued at about $2,031,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Innovative Solutions and Support Stock Down 3.8%

ISSC stock opened at $18.94 on Tuesday. The stock has a market capitalization of $336.19 million, a PE ratio of 21.77 and a beta of 0.66. The company has a fifty day moving average of $11.58 and a 200-day moving average of $12.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 3.04. Innovative Solutions and Support has a one year low of $5.30 and a one year high of $20.39.

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.