Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Given Average Recommendation of “Buy” by Analysts

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have earned a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $16.25.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ISSC. Caitong International Asset Management Co. Ltd grew its position in shares of Innovative Solutions and Support by 7,484.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 1,422 shares during the period. Global Retirement Partners LLC bought a new position in shares of Innovative Solutions and Support during the 4th quarter valued at approximately $36,000. Bank of America Corp DE grew its position in shares of Innovative Solutions and Support by 589.9% during the 3rd quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after acquiring an additional 7,792 shares during the period. Royal Bank of Canada grew its position in shares of Innovative Solutions and Support by 496.6% during the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock valued at $156,000 after acquiring an additional 6,342 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Innovative Solutions and Support during the 3rd quarter valued at approximately $160,000. 28.53% of the stock is owned by institutional investors.

Innovative Solutions and Support Trading Down 4.4%

NASDAQ:ISSC opened at $16.46 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23. The firm has a market cap of $294.47 million, a price-to-earnings ratio of 17.51 and a beta of 0.61. Innovative Solutions and Support has a 52 week low of $8.13 and a 52 week high of $30.94. The firm has a 50-day moving average price of $19.03 and a two-hundred day moving average price of $20.34.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, May 14th. The aerospace company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $22.37 million during the quarter, compared to analyst estimates of $21.59 million. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. 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.