Brokerages Set Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Price Target at $16.25

by · The Cerbat Gem

Innovative Solutions and Support, Inc. (NASDAQ:ISSC – Get Free Report) has been given an average rating of “Buy” by the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.25.

A number of research firms recently weighed in on ISSC. Weiss Ratings reissued a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Wednesday, October 8th. Craig Hallum began coverage on Innovative Solutions and Support in a research report on Friday, December 5th. They set a “buy” rating and a $16.00 target price for the company. Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Northland Capmk raised Innovative Solutions and Support to a “strong-buy” rating in a research note on Friday, November 21st. Finally, Northland Securities initiated coverage on Innovative Solutions and Support in a report on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective for the company.

Read Our Latest Research Report on Innovative Solutions and Support

Innovative Solutions and Support Trading Down 1.0%

ISSC stock opened at $18.75 on Tuesday. Innovative Solutions and Support has a twelve month low of $5.30 and a twelve month high of $20.39. The stock has a market capitalization of $332.81 million, a price-to-earnings ratio of 21.55 and a beta of 0.67. The company has a quick ratio of 1.50, a current ratio of 3.04 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $11.75 and its two-hundred day simple moving average is $12.82.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ISSC. American Century Companies Inc. bought a new position in shares of Innovative Solutions and Support during the first quarter valued at approximately $64,000. Bank of America Corp DE lifted its holdings 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 worth $114,000 after buying an additional 7,792 shares during the period. Matauro LLC bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $125,000. Quantbot Technologies LP bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $160,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at $180,000. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Company Profile

(Get Free Report)

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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