Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives $16.25 Consensus Price Target from Brokerages

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have been given an average rating of “Strong Buy” by the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.25.

Several research analysts have commented on the company. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Weiss Ratings upgraded 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 Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Finally, Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th.

Innovative Solutions and Support Stock Down 1.5%

ISSC stock opened at $25.17 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96. The company has a market capitalization of $447.52 million, a price-to-earnings ratio of 23.97 and a beta of 0.70. Innovative Solutions and Support has a fifty-two week low of $5.72 and a fifty-two week high of $30.94. The stock has a fifty day moving average of $24.31 and a 200-day moving average of $17.33.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS 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 the consensus estimate of $18.82 million.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Innovative Solutions and Support by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock valued at $1,711,000 after buying an additional 725 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in 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 worth $27,000 after purchasing an additional 1,422 shares during the period. Gamco Investors INC. ET AL increased its stake in Innovative Solutions and Support by 1.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 128,500 shares of the aerospace company’s stock worth $1,605,000 after purchasing an additional 1,500 shares during the period. Meixler Investment Management Ltd. increased its stake in Innovative Solutions and Support by 10.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,550 shares during the period. Finally, Integrated Quantitative Investments LLC increased its stake in Innovative Solutions and Support by 9.4% in the 4th quarter. Integrated Quantitative Investments LLC now owns 18,193 shares of the aerospace company’s stock worth $345,000 after purchasing an additional 1,556 shares during the period. 28.53% of the stock is 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.