Innovative Solutions and Support (NASDAQ: ISSC) received a significant boost as Zacks Research upgraded its stock rating from “hold” to “strong-buy.” This change, communicated in a research note on Wednesday, marks a positive shift for investors interested in the aerospace technology firm.
Analysts have recently been active in re-evaluating the stock. On December 5, Craig Hallum initiated coverage with a “buy” rating and set a price objective of $16.00. Similarly, Northland Securities began coverage on November 21, assigning an “outperform” rating with a price target of $16.50. On November 22, Wall Street Zen also upgraded the stock from “hold” to “buy.” Notably, Northland Capital Markets escalated its rating to “strong-buy” on the same day as Northland Securities. Meanwhile, Weiss Ratings maintained a “hold (C+)” rating on October 8.
A review of the ratings shows that three analysts have classified the stock as a “strong buy,” while two have issued a “buy” rating, and one has maintained a “hold” rating. According to data from MarketBeat, the stock carries an average rating of “buy” with a consensus price target of $16.25.
Institutional Investors Adjust Holdings
Recent trading activity reflects a growing interest from institutional investors in Innovative Solutions and Support. Punch & Associates Investment Management Inc. increased its stake by 68.0% in the first quarter, now holding 210,000 shares valued at approximately $1.32 million after acquiring an additional 85,000 shares.
Connor Clark & Lunn Investment Management Ltd. also boosted its holdings by 155.3% during the second quarter, bringing its total to 145,389 shares worth around $2.02 million. Gabelli Funds LLC increased its position by 39.0% in the first quarter, now owning 87,000 shares valued at about $547,000.
Other notable institutional moves include OMERS ADMINISTRATION Corp, which purchased a new stake valued at $523,000, and Walleye Capital LLC, increasing its position by 158.7%, now holding 86,824 shares valued at approximately $546,000. Institutional investors collectively own 28.53% of the company’s stock.
Company Overview and Market Outlook
Innovative Solutions and Support, Inc. is a provider of technology solutions and mission support services primarily to U.S. federal government agencies, focusing on defense, intelligence, and national security programs. The company specializes in integrated program management, systems engineering, and IT infrastructure support, all aimed at enhancing operational readiness and ensuring secure environments for mission-critical operations.
Core services include systems integration, custom software development, data analytics, cybersecurity, and logistics management. As the aerospace technology sector continues to evolve, the recent ratings and institutional interest may signal a promising outlook for Innovative Solutions and Support as it navigates the complexities of the market.
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