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

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) have earned a consensus recommendation of "Strong Buy" from the six analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.25.

Several equities analysts recently commented on ISSC shares. Weiss Ratings upgraded Innovative Solutions and Support from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. JonesTrading upgraded Innovative Solutions and Support to a "strong-buy" rating in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th.

Hedge Funds Weigh In On Innovative Solutions and Support

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its position in Innovative Solutions and Support by 57.4% during the fourth quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company's stock worth $14,290,000 after buying an additional 275,286 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in Innovative Solutions and Support by 94.1% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company's stock worth $11,273,000 after buying an additional 288,479 shares in the last quarter. Vanguard Group Inc. grew its position in Innovative Solutions and Support by 3.5% during the third quarter. Vanguard Group Inc. now owns 556,188 shares of the aerospace company's stock worth $6,947,000 after buying an additional 18,866 shares in the last quarter. WealthTrust Axiom LLC grew its position in Innovative Solutions and Support by 19.4% during the fourth quarter. WealthTrust Axiom LLC now owns 386,370 shares of the aerospace company's stock worth $7,318,000 after buying an additional 62,712 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Innovative Solutions and Support by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company's stock worth $7,158,000 after buying an additional 5,525 shares in the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $21.31 on Monday. 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 has a 52-week low of $6.65 and a 52-week high of $30.94. The firm has a market cap of $378.85 million, a price-to-earnings ratio of 20.30 and a beta of 0.71. The business's fifty day moving average is $24.67 and its 200 day moving average is $18.30.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.The company had revenue of $21.81 million for the quarter, compared to analyst estimates of $18.82 million. Research analysts predict that Innovative Solutions and Support will post 0.92 EPS for the current year.

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.

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