Innovative Solutions and Support (NASDAQ:ISSC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other equities research analysts also recently issued reports about the company. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Craig Hallum initiated coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They set a “buy” rating and a $16.00 price target for the company. Weiss Ratings raised Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Four analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Innovative Solutions and Support currently has an average rating of “Strong Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Stock Performance

Shares of NASDAQ:ISSC opened at $19.54 on Friday. The company has a market capitalization of $347.42 million, a price-to-earnings ratio of 18.61 and a beta of 0.57. Innovative Solutions and Support has a 12 month low of $5.30 and a 12 month high of $30.94. The firm’s 50-day moving average is $23.93 and its 200 day moving average is $16.66. 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 (NASDAQ:ISSC) last announced its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $18.82 million.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 purchasing an additional 1,422 shares during the period. Global Retirement Partners LLC purchased a new position in Innovative Solutions and Support during the 4th quarter worth $36,000. Bank of America Corp DE raised its position 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 valued at $114,000 after purchasing an additional 7,792 shares in the last quarter. Matauro LLC bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $125,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth $160,000. Institutional investors 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.