Analysts Set Innovative Solutions and Support, Inc. (NASDAQ:ISSC) PT at $16.25

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has received an average recommendation of “Strong Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.25.

A number of analysts recently commented on the company. Wall Street Zen downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Northland Securities began coverage on Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 target price for the company. Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Craig Hallum began coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They issued a “buy” rating and a $16.00 price target on the stock.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd boosted its position in Innovative Solutions and Support by 26.9% during the fourth quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company’s stock worth $761,000 after purchasing an additional 8,508 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $311,000. Millennium Management LLC lifted its stake in shares of Innovative Solutions and Support by 1,234.9% during the 4th quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock valued at $5,314,000 after buying an additional 259,561 shares in the last quarter. Man Group plc lifted its stake in shares of Innovative Solutions and Support by 140.0% during the 4th quarter. Man Group plc now owns 154,716 shares of the aerospace company’s stock valued at $2,930,000 after buying an additional 90,259 shares in the last quarter. Finally, 683 Capital Management LLC bought a new position in Innovative Solutions and Support in the 4th quarter worth approximately $852,000. 28.53% of the stock is owned by hedge funds and other institutional investors.

Innovative Solutions and Support Trading Up 3.4%

NASDAQ:ISSC opened at $30.13 on Friday. 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 one year low of $5.30 and a one year high of $30.94. The company has a market cap of $535.71 million, a PE ratio of 28.70 and a beta of 0.57. The firm has a 50-day moving average of $22.91 and a 200-day moving average of $15.76.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share for the quarter, beating the consensus estimate 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%.

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.