Innovative Solutions and Support (NASDAQ:ISSC) Rating Increased to Strong-Buy at StockNews.com

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Innovative Solutions and Support Stock Performance

Innovative Solutions and Support stock opened at $8.75 on Friday. The firm has a market cap of $153.13 million, a P/E ratio of 23.65 and a beta of 1.06. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $8.97. The firm has a 50-day moving average of $7.65 and a 200-day moving average of $6.85.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. purchased a new position in shares of Innovative Solutions and Support during the third quarter valued at about $466,000. Gabelli Funds LLC grew its holdings in shares of Innovative Solutions and Support by 42.2% during the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 18,585 shares during the period. James Investment Research Inc. purchased a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $68,000. Dimensional Fund Advisors LP raised its position in shares of Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after acquiring an additional 8,760 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 9,888 shares during the period. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.