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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) have earned a consensus recommendation of “Strong Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.25.

A number of equities analysts recently commented on ISSC shares. JonesTrading raised shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Wall Street Zen lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Finally, Craig Hallum initiated coverage on Innovative Solutions and Support in a report on Friday, December 5th. They set a “buy” rating and a $16.00 price target on the stock.

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd increased its holdings in shares of Innovative Solutions and Support by 26.9% in the 4th quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company’s stock valued at $761,000 after purchasing an additional 8,508 shares during the period. Quadrature Capital Ltd purchased a new position in Innovative Solutions and Support during the fourth quarter valued at approximately $311,000. Millennium Management LLC grew its position in Innovative Solutions and Support by 1,234.9% during the fourth quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock valued at $5,314,000 after purchasing an additional 259,561 shares in the last quarter. Man Group plc grew its position in Innovative Solutions and Support by 140.0% during the fourth quarter. Man Group plc now owns 154,716 shares of the aerospace company’s stock valued at $2,930,000 after purchasing an additional 90,259 shares in the last quarter. Finally, 683 Capital Management LLC acquired a new position in Innovative Solutions and Support in the 4th quarter valued at approximately $852,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

ISSC stock opened at $28.66 on Friday. The company has a current ratio of 2.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. Innovative Solutions and Support has a one year low of $5.30 and a one year high of $30.94. The firm has a market capitalization of $509.57 million, a PE ratio of 27.30 and a beta of 0.57. The firm has a 50-day moving average of $23.55 and a two-hundred day moving average of $16.08.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%. The business had revenue of $21.81 million for the quarter, compared to the consensus estimate of $18.82 million.

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.