Barclays PLC Takes $32,000 Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Barclays PLC purchased a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,905 shares of the aerospace company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ISSC. Dimensional Fund Advisors LP increased its stake 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 valued at $2,509,000 after acquiring an additional 8,760 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares during the period. James Investment Research Inc. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $68,000. Connor Clark & Lunn Investment Management Ltd. grew its position 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. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $466,000. 28.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 5th.

Innovative Solutions and Support Stock Performance

Shares of ISSC opened at $8.45 on Friday. The stock has a 50 day simple moving average of $7.92 and a 200 day simple moving average of $7.01. Innovative Solutions and Support, Inc. has a 52-week low of $4.91 and a 52-week high of $8.97. The firm has a market capitalization of $148.18 million, a PE ratio of 22.84 and a beta of 1.00.

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

About Innovative Solutions and Support

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.