Innovative Solutions and Support (NASDAQ:ISSC) Sets New 12-Month High – Here’s What Happened

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.65 and last traded at $29.99, with a volume of 302299 shares changing hands. The stock had previously closed at $28.82.

Analyst Ratings Changes

ISSC has been the topic of a number of research reports. Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research report on Monday, January 5th. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Northland Securities began coverage on shares of Innovative Solutions and Support in a research note on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective on the stock. Finally, Weiss Ratings upgraded shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, Innovative Solutions and Support has a consensus rating of “Strong Buy” and an average price target of $16.25.

Innovative Solutions and Support Price Performance

The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. The firm has a market cap of $531.55 million, a price-to-earnings ratio of 28.42 and a beta of 0.57. The company’s 50-day moving average price is $21.69 and its 200-day moving average price is $15.09.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $21.81 million during the quarter, compared to analysts’ expectations of $18.82 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Innovative Solutions and Support by 53.5% in the 1st quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company’s stock worth $303,000 after purchasing an additional 16,808 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Innovative Solutions and Support by 155.3% in the 2nd 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. Geode Capital Management LLC grew its holdings in shares of Innovative Solutions and Support by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after purchasing an additional 725 shares during the last quarter. Thoroughbred Financial Services LLC bought a new position in Innovative Solutions and Support in the 2nd quarter worth approximately $746,000. Finally, JPMorgan Chase & Co. bought a new position in Innovative Solutions and Support in the second quarter valued at about $848,000. 28.53% of the stock is owned by institutional investors and hedge funds.

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.