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 report report published on Sunday.

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

Shares of ISSC opened at $27.97 on Friday. The business’s 50-day moving average is $21.00 and its two-hundred day moving average is $14.68. The company has a market capitalization of $497.31 million, a P/E ratio of 26.64 and a beta of 0.57. Innovative Solutions and Support has a fifty-two week low of $5.30 and a fifty-two week high of $28.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Several hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd increased its position in shares of Innovative Solutions and Support by 26.9% during the fourth quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company’s stock worth $761,000 after purchasing an additional 8,508 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Innovative Solutions and Support during the 4th quarter worth $311,000. Millennium Management LLC grew its holdings in shares of 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 worth $5,314,000 after buying an additional 259,561 shares in the last quarter. Man Group plc raised its position in shares of Innovative Solutions and Support by 140.0% in the fourth quarter. Man Group plc now owns 154,716 shares of the aerospace company’s stock valued at $2,930,000 after buying an additional 90,259 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at about $852,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

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.