Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Innovative Solutions and Support holds a consensus “Buy” rating from five analysts, with two strong-buy, one buy, and two hold recommendations. The average 12-month price target is $16.25.
• Recent analyst sentiment has weakened, with Weiss Ratings, Zacks Research, and Wall Street Zen each downgrading the stock to “Hold.”
• ISSC reported quarterly EPS of $0.26, exceeding the $0.20 consensus estimate, while revenue of $22.37 million also topped expectations. Shares opened at $20.00, and institutional investors own 28.53% of the company.

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) have been assigned a consensus rating of "Buy" from the five ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.25.

ISSC has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Innovative Solutions and Support from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 12th. Zacks Research cut Innovative Solutions and Support from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 15th. Finally, Wall Street Zen downgraded Innovative Solutions and Support from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd.

Innovative Solutions and Support Stock Up 1.3%

Shares of Innovative Solutions and Support stock opened at $20.00 on Wednesday. The company has a market cap of $357.80 million, a P/E ratio of 21.28 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 3.23. Innovative Solutions and Support has a one year low of $8.13 and a one year high of $30.94. The firm has a fifty day moving average of $18.34 and a two-hundred day moving average of $20.82.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its earnings results on Thursday, May 14th. The aerospace company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. The company had revenue of $22.37 million during the quarter, compared to analysts' expectations of $21.59 million. On average, analysts forecast that Innovative Solutions and Support will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ISSC. Caitong International Asset Management Co. Ltd raised its position in 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 worth $27,000 after acquiring an additional 1,422 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter worth $36,000. Bank of America Corp DE boosted its position in shares of 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 worth $114,000 after purchasing an additional 7,792 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Innovative Solutions and Support by 496.6% during the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company's stock worth $156,000 after purchasing an additional 6,342 shares during the period. Finally, State of Wyoming acquired a new position in shares of Innovative Solutions and Support during the 2nd quarter worth $159,000. Institutional investors and hedge funds 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.

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