Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Upgraded by Zacks Research

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Craig Hallum started coverage on shares of Innovative Solutions and Support in a research report on Friday, December 5th. They set a “buy” rating and a $16.00 price objective on the stock. Northland Securities initiated coverage on Innovative Solutions and Support in a research note on Friday, November 21st. They set an “outperform” rating and a $16.50 price target for the company. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Northland Capmk raised Innovative Solutions and Support to a “strong-buy” rating in a report on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Stock Down 0.6%

ISSC stock opened at $19.40 on Wednesday. Innovative Solutions and Support has a 1-year low of $5.30 and a 1-year high of $20.39. The stock has a market cap of $344.35 million, a price-to-earnings ratio of 22.30 and a beta of 0.77. The company has a current ratio of 3.04, a quick ratio of 1.69 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $10.92 and its 200 day moving average is $12.58.

Institutional Trading of Innovative Solutions and Support

Institutional investors have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. grew its position in shares of Innovative Solutions and Support by 68.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 210,000 shares of the aerospace company’s stock worth $1,321,000 after buying an additional 85,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Innovative Solutions and Support by 155.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after acquiring an additional 88,442 shares during the period. Gabelli Funds LLC boosted its holdings in Innovative Solutions and Support by 39.0% in the first quarter. Gabelli Funds LLC now owns 87,000 shares of the aerospace company’s stock valued at $547,000 after acquiring an additional 24,415 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Innovative Solutions and Support in the first quarter valued at $523,000. Finally, Walleye Capital LLC increased its position in Innovative Solutions and Support by 158.7% during the 1st quarter. Walleye Capital LLC now owns 86,824 shares of the aerospace company’s stock valued at $546,000 after purchasing an additional 53,267 shares during the period. 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.