Innovative Solutions and Support (NASDAQ:ISSC) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a report released on Saturday.

Several other equities research analysts also recently commented on ISSC. JonesTrading raised shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Northland Securities began coverage on shares of Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Thursday, January 22nd. Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Finally, Craig Hallum initiated coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They issued a “buy” rating and a $16.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Trading Down 3.1%

NASDAQ:ISSC opened at $23.56 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 1-year low of $5.30 and a 1-year high of $24.97. The firm has a market capitalization of $418.90 million, a price-to-earnings ratio of 22.44 and a beta of 0.64. The business’s 50-day moving average price is $19.66 and its two-hundred day moving average price is $14.30.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results 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. The company had revenue of $21.81 million during the quarter, compared to analyst estimates of $18.82 million. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.

Institutional Trading of Innovative Solutions and Support

A number of institutional investors have recently modified their holdings of ISSC. Caitong International Asset Management Co. Ltd boosted its position in shares of Innovative Solutions and Support by 7,484.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after buying an additional 1,422 shares during the period. Global Retirement Partners LLC bought a new stake in Innovative Solutions and Support in the 4th quarter valued at approximately $36,000. Bank of America Corp DE lifted its stake in Innovative Solutions and Support by 589.9% in the 3rd 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 position in Innovative Solutions and Support during the 3rd quarter worth approximately $125,000. Finally, Quantbot Technologies LP bought a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $160,000. 28.53% of the stock is currently owned by institutional investors.

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.