Wall Street Zen Downgrades Innovative Solutions and Support (NASDAQ:ISSC) to Hold

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued research reports about the company. Northland Securities assumed coverage on Innovative Solutions and Support in a research note on Friday, November 21st. They set an “outperform” rating and a $16.50 price target for the company. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Thursday, January 22nd. Craig Hallum started coverage on shares of Innovative Solutions and Support in a research report on Friday, December 5th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, JonesTrading raised shares of Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Innovative Solutions and Support currently has a consensus rating of “Strong Buy” and an average price target of $16.25.

Innovative Solutions and Support Stock Up 0.7%

Innovative Solutions and Support stock opened at $24.32 on Friday. The firm has a 50 day moving average price of $19.42 and a 200-day moving average price of $14.29. The company has a quick ratio of 1.50, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. Innovative Solutions and Support has a twelve month low of $5.30 and a twelve month high of $24.97. The company has a market capitalization of $432.41 million, a P/E ratio of 23.16 and a beta of 0.64.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, beating 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 business had revenue of $21.81 million for the quarter, compared to the consensus estimate of $18.82 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 in the last quarter. Global Retirement Partners LLC bought a new stake in Innovative Solutions and Support in the fourth quarter worth $36,000. Bank of America Corp DE boosted its position in Innovative Solutions and Support by 589.9% during the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after buying an additional 7,792 shares during the period. Matauro LLC bought a new position in shares of Innovative Solutions and Support during the third quarter valued at about $125,000. Finally, American Century Companies Inc. grew its stake in shares of Innovative Solutions and Support by 21.9% during the second quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after buying an additional 2,228 shares during the last quarter. Institutional investors 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.