Innovative Solutions and Support (NASDAQ:ISSC) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a hold rating to a buy rating in a research report released on Monday.

Innovative Solutions and Support Stock Up 3.8 %

ISSC opened at $6.90 on Monday. The firm’s 50 day simple moving average is $8.86 and its two-hundred day simple moving average is $7.94. The company has a market capitalization of $121.06 million, a PE ratio of 18.16 and a beta of 1.13. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $12.17. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.11). The company had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%.

Insider Activity

In other news, major shareholder Christopher Harborne sold 98,600 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total value of $1,066,852.00. Following the completion of the sale, the insider now directly owns 2,501,169 shares of the company’s stock, valued at $27,062,648.58. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 263,623 shares of company stock valued at $2,911,665 in the last ninety days. Corporate insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ISSC. Renaissance Technologies LLC raised its holdings in Innovative Solutions and Support by 18.5% during the fourth quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company’s stock valued at $4,105,000 after acquiring an additional 75,100 shares during the period. Dimensional Fund Advisors LP raised its stake in Innovative Solutions and Support by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 432,030 shares of the aerospace company’s stock valued at $3,690,000 after purchasing an additional 10,061 shares during the period. Isthmus Partners LLC raised its stake in Innovative Solutions and Support by 17.9% during the 4th quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock valued at $1,627,000 after purchasing an additional 28,882 shares during the period. Marshall Wace LLP purchased a new position in Innovative Solutions and Support in the 4th quarter worth approximately $1,283,000. Finally, Geode Capital Management LLC boosted its stake in Innovative Solutions and Support by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 125,592 shares of the aerospace company’s stock worth $1,073,000 after purchasing an additional 3,835 shares during the period. Institutional investors own 28.53% of the company’s stock.

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.