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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have received an average rating of “Strong Buy” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.25.

ISSC has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Northland Securities initiated coverage on Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Thursday, January 22nd. Craig Hallum assumed coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th.

Innovative Solutions and Support Price Performance

Shares of NASDAQ ISSC opened at $24.32 on Wednesday. Innovative Solutions and Support has a fifty-two week low of $5.30 and a fifty-two week high of $24.97. The business has a fifty day moving average price of $19.42 and a two-hundred day moving average price of $14.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.50. The stock has a market capitalization of $432.41 million, a PE ratio of 23.16 and a beta of 0.64.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $21.81 million for the quarter, compared to analysts’ expectations of $18.82 million. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%.

Institutional Trading of Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISSC. Marshall Wace LLP grew its stake in shares of Innovative Solutions and Support by 57.4% in the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock worth $14,290,000 after acquiring an additional 275,286 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in Innovative Solutions and Support by 94.1% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock worth $11,273,000 after acquiring an additional 288,479 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Innovative Solutions and Support by 3.5% during the third quarter. Vanguard Group Inc. now owns 556,188 shares of the aerospace company’s stock valued at $6,947,000 after purchasing an additional 18,866 shares during the last quarter. WealthTrust Axiom LLC boosted its holdings in Innovative Solutions and Support by 19.4% in the 4th quarter. WealthTrust Axiom LLC now owns 386,370 shares of the aerospace company’s stock worth $7,318,000 after buying an additional 62,712 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Innovative Solutions and Support by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company’s stock worth $7,158,000 after acquiring an additional 5,525 shares during the period. 28.53% of the stock is owned by institutional investors.

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.