Innovative Solutions and Support (NASDAQ:ISSC) Upgraded by Zacks Research to Strong-Buy Rating

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

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

Innovative Solutions and Support Stock Down 0.6%

Shares of NASDAQ ISSC opened at $19.40 on Wednesday. Innovative Solutions and Support has a 1 year low of $5.30 and a 1 year high of $20.39. The firm has a 50-day simple moving average of $10.92 and a two-hundred day simple moving average of $12.58. The company has a market cap of $344.35 million, a P/E ratio of 22.30 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.04 and a quick ratio of 1.69.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISSC. Bank of America Corp DE raised its position in Innovative Solutions and Support by 589.9% during the third 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 in the last quarter. Matauro LLC acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at about $125,000. American Century Companies Inc. purchased a new stake in shares of Innovative Solutions and Support in the first quarter valued at approximately $64,000. Quantbot Technologies LP purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at approximately $160,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $180,000. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Company Profile

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.