Fintel reports that on July 11, 2023, EF Hutton reiterated coverage of Innovative Solutions And Support (NASDAQ:ISSC) with a Buy recommendation.
Analyst Price Forecast Suggests 49.58% Upside
As of July 6, 2023, the average one-year price target for Innovative Solutions And Support is 10.71. The forecasts range from a low of 10.10 to a high of $11.55. The average price target represents an increase of 49.58% from its latest reported closing price of 7.16.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Innovative Solutions And Support is 35MM, an increase of 23.61%. The projected annual non-GAAP EPS is 0.54.
What is the Fund Sentiment?
There are 73 funds or institutions reporting positions in Innovative Solutions And Support. This is a decrease of 1 owner(s) or 1.35% in the last quarter. Average portfolio weight of all funds dedicated to ISSC is 0.05%, an increase of 101.99%. Total shares owned by institutions increased in the last three months by 0.27% to 4,138K shares. 
The put/call ratio of ISSC is 4.03, indicating a bearish outlook.
What are Other Shareholders Doing?
WealthTrust Axiom holds 770K shares representing 4.42% ownership of the company. In it's prior filing, the firm reported owning 771K shares, representing a decrease of 0.06%. The firm increased its portfolio allocation in ISSC by 87,127.78% over the last quarter.
Renaissance Technologies holds 403K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 408K shares, representing a decrease of 1.17%. The firm decreased its portfolio allocation in ISSC by 14.38% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 353K shares representing 2.03% ownership of the company. No change in the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 248K shares representing 1.42% ownership of the company. In it's prior filing, the firm reported owning 249K shares, representing a decrease of 0.54%. The firm decreased its portfolio allocation in ISSC by 16.07% over the last quarter.
DFSCX - U.s. Micro Cap Portfolio - Institutional Class holds 138K shares representing 0.79% ownership of the company. No change in 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.
Additional reading:
- Innovative Solutions & Support, Inc. Announces Acquisition of Several Honeywell Product Lines Acquisition expected to be accretive in fiscal year 2024 with opportunity to expand post-integration New Bank Facility Secured
- Exhibit 10.1
- Exhibit 10.2
- Exhibit 10.3
- Exhibit 10.4
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.
