ISSC

EF Hutton Maintains Innovative Solutions And Support (ISSC) Buy Recommendation

Fintel reports that on October 13, 2023, EF Hutton maintained coverage of Innovative Solutions And Support (NASDAQ:ISSC) with a Buy recommendation.

Analyst Price Forecast Suggests 94.82% Upside

As of October 5, 2023, the average one-year price target for Innovative Solutions And Support is 14.28. The forecasts range from a low of 14.14 to a high of $14.70. The average price target represents an increase of 94.82% from its latest reported closing price of 7.33.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Innovative Solutions And Support is 32MM, an increase of 10.49%. The projected annual non-GAAP EPS is 0.35.

What is the Fund Sentiment?

There are 69 funds or institutions reporting positions in Innovative Solutions And Support. This is a decrease of 4 owner(s) or 5.48% in the last quarter. Average portfolio weight of all funds dedicated to ISSC is 0.04%, a decrease of 2.27%. Total shares owned by institutions increased in the last three months by 4.12% to 4,309K shares. ISSC / Innovative Solutions And Support Inc Put/Call Ratios The put/call ratio of ISSC is 0.35, indicating a bullish outlook.

What are Other Shareholders Doing?

ISSC / Innovative Solutions And Support Inc Shares Held by Institutions

WealthTrust Axiom holds 769K shares representing 4.41% ownership of the company. In it's prior filing, the firm reported owning 770K shares, representing a decrease of 0.22%. The firm decreased its portfolio allocation in ISSC by 5.15% over the last quarter.

Renaissance Technologies holds 409K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 403K shares, representing an increase of 1.35%. The firm increased its portfolio allocation in ISSC by 7.53% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 353K shares representing 2.02% ownership of the company. No change in the last quarter.

VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 245K shares representing 1.41% ownership of the company. In it's prior filing, the firm reported owning 248K shares, representing a decrease of 1.15%. The firm decreased its portfolio allocation in ISSC by 7.88% over the last quarter.

Geode Capital Management holds 144K shares representing 0.83% ownership of the company. In it's prior filing, the firm reported owning 133K shares, representing an increase of 7.87%. The firm decreased its portfolio allocation in ISSC by 4.05% over the last quarter.

Innovative Solutions And Support Background Information
(This description is provided by the company.)

Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. is a systems integrator that designs and manufactures flight guidance and cockpit display systems for Original Equipment Manufacturers (OEMs) and retrofit applications. The company supplies integrated Flight Management Systems (FMS), Autothrottle Systems and advanced GPS receivers for precision low carbon footprint navigation.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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