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

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

A number of other analysts have also weighed in on the stock. JonesTrading raised shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Finally, Craig Hallum initiated coverage on shares of Innovative Solutions and Support in a research note on Friday, December 5th. They set a “buy” rating and a $16.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average target price of $16.25.

Innovative Solutions and Support Trading Down 2.6%

ISSC opened at $21.50 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $23.98 and its two-hundred day moving average is $16.52. The company has a market capitalization of $382.27 million, a P/E ratio of 20.48 and a beta of 0.57. Innovative Solutions and Support has a 52 week low of $5.30 and a 52 week high of $30.94.

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

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently modified their holdings of the business. Benjamin Edwards Inc. acquired a new stake in Innovative Solutions and Support in the 3rd quarter worth approximately $807,000. Navellier & Associates Inc. acquired a new position in Innovative Solutions and Support during the 3rd quarter valued at approximately $1,148,000. WINTON GROUP Ltd acquired a new position in Innovative Solutions and Support during the 3rd quarter valued at approximately $1,122,000. Palisades Investment Partners LLC purchased a new position in shares of Innovative Solutions and Support in the third quarter worth $2,927,000. Finally, Teton Advisors LLC purchased a new position in shares of Innovative Solutions and Support in the third quarter worth $1,707,000. Hedge funds and other 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.