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

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

Other equities research analysts have also issued reports about the stock. Northland Securities initiated coverage on shares of Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 price objective for the company. JonesTrading raised shares of Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Craig Hallum initiated 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 target price on the stock. 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. Finally, Weiss Ratings upgraded shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of $16.25.

Innovative Solutions and Support Price Performance

Shares of Innovative Solutions and Support stock opened at $27.71 on Friday. The firm has a market capitalization of $492.68 million, a PE ratio of 26.39 and a beta of 0.57. The company has a current ratio of 2.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. Innovative Solutions and Support has a 12 month low of $5.30 and a 12 month high of $30.94. The business’s 50-day moving average price is $22.49 and its 200-day moving average price is $15.50.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $21.81 million during the quarter, compared to the consensus estimate of $18.82 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd raised its holdings in Innovative Solutions and Support by 26.9% during the 4th quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company’s stock valued at $761,000 after buying an additional 8,508 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Innovative Solutions and Support during the 4th quarter valued at $311,000. Millennium Management LLC grew its holdings in Innovative Solutions and Support by 1,234.9% in the 4th quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock worth $5,314,000 after acquiring an additional 259,561 shares during the last quarter. Man Group plc increased its position in shares of Innovative Solutions and Support by 140.0% in the fourth quarter. Man Group plc now owns 154,716 shares of the aerospace company’s stock valued at $2,930,000 after acquiring an additional 90,259 shares during the period. Finally, 683 Capital Management LLC purchased a new position in shares of Innovative Solutions and Support in the fourth quarter valued at about $852,000. 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.