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

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other equities research analysts have also recently commented on ISSC. 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 price objective on the stock. Northland Securities initiated coverage on shares of Innovative Solutions and Support in a research note on Friday, November 21st. They issued an “outperform” rating and a $16.50 price target for the company. JonesTrading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Finally, Weiss Ratings raised Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, Innovative Solutions and Support currently has an average rating of “Strong Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Price Performance

ISSC opened at $25.94 on Friday. The firm has a market cap of $461.21 million, a PE ratio of 24.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.53. Innovative Solutions and Support has a 1 year low of $5.30 and a 1 year high of $26.00. The stock has a 50-day moving average price of $20.63 and a 200-day moving average price of $14.52.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%. The firm had revenue of $21.81 million for 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 stock. Caitong International Asset Management Co. Ltd grew its holdings in Innovative Solutions and Support by 7,484.2% during 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 buying an additional 1,422 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Innovative Solutions and Support during the fourth quarter worth $36,000. Bank of America Corp DE grew its stake 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 acquiring an additional 7,792 shares in the last quarter. Matauro LLC bought a new stake in Innovative Solutions and Support in the 3rd quarter valued at $125,000. Finally, Quantbot Technologies LP purchased a new stake in Innovative Solutions and Support in the 3rd quarter worth $160,000. 28.53% of the stock is currently 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.