Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives $16.25 Consensus PT from Analysts

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has received a consensus rating of “Buy” from the five research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $16.25.

A number of research analysts have weighed in on ISSC shares. Wall Street Zen downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, Zacks Research downgraded Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th.

Institutional Trading of Innovative Solutions and Support

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Innovative Solutions and Support by 0.6% during the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after purchasing an additional 725 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Innovative Solutions and Support by 7,484.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after buying an additional 1,422 shares during the period. Ritholtz Wealth Management raised its stake in Innovative Solutions and Support by 10.0% in the first quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock valued at $327,000 after buying an additional 1,452 shares during the period. Integrated Quantitative Investments LLC lifted its position in shares of Innovative Solutions and Support by 9.4% in the fourth quarter. Integrated Quantitative Investments LLC now owns 18,193 shares of the aerospace company’s stock valued at $345,000 after buying an additional 1,556 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Innovative Solutions and Support by 11.6% in the fourth quarter. Squarepoint Ops LLC now owns 16,093 shares of the aerospace company’s stock valued at $305,000 after buying an additional 1,672 shares during the last quarter. 28.53% of the stock is owned by institutional investors.

Innovative Solutions and Support Trading Up 0.4%

Innovative Solutions and Support stock opened at $18.53 on Friday. The company has a market cap of $331.50 million, a price-to-earnings ratio of 19.71 and a beta of 0.60. The firm has a 50-day moving average of $17.60 and a 200-day moving average of $20.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.23 and a quick ratio of 1.53. Innovative Solutions and Support has a one year low of $8.13 and a one year high of $30.94.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%.The business had revenue of $22.37 million for the quarter, compared to the consensus estimate of $21.59 million. On average, equities analysts expect that Innovative Solutions and Support will post 0.97 earnings per share for the current fiscal year.

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.