Innovative Solutions and Support (NASDAQ:ISSC) Upgraded at Zacks Research

Zacks Research upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

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

Innovative Solutions and Support Stock Performance

Shares of NASDAQ:ISSC opened at $19.40 on Wednesday. The business has a fifty day moving average of $10.92 and a 200-day moving average of $12.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.69 and a current ratio of 3.04. Innovative Solutions and Support has a twelve month low of $5.30 and a twelve month high of $20.39. The firm has a market cap of $344.35 million, a PE ratio of 22.30 and a beta of 0.77.

Hedge Funds Weigh In On Innovative Solutions and Support

Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in Innovative Solutions and Support by 60.9% in the third quarter. NewEdge Advisors LLC now owns 20,400 shares of the aerospace company’s stock valued at $255,000 after buying an additional 7,722 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Innovative Solutions and Support by 46.0% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 306,695 shares of the aerospace company’s stock worth $3,831,000 after purchasing an additional 96,695 shares during the period. Bank of America Corp DE increased its holdings in 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 worth $114,000 after purchasing an additional 7,792 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Innovative Solutions and Support by 152.9% in the 3rd quarter. Lazard Asset Management LLC now owns 109,829 shares of the aerospace company’s stock valued at $1,372,000 after purchasing an additional 66,403 shares during the period. Finally, Ancora Advisors LLC bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $2,031,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.