Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Lowered by StockNews.com

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Innovative Solutions and Support Stock Performance

Shares of ISSC stock opened at $5.72 on Thursday. 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 has a 12-month low of $4.91 and a 12-month high of $12.17. The business’s 50 day moving average is $8.17 and its two-hundred day moving average is $7.90. The company has a market capitalization of $100.36 million, a P/E ratio of 15.05 and a beta of 1.13.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The business had revenue of $15.97 million for the quarter. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%.

Insider Activity at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 10,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $10.16, for a total value of $101,600.00. Following the completion of the transaction, the insider now directly owns 2,599,769 shares of the company’s stock, valued at approximately $26,413,653.04. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 263,623 shares of company stock valued at $2,911,665. 4.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of large investors have recently modified their holdings of the business. Mesirow Financial Investment Management Inc. boosted its position in Innovative Solutions and Support by 100.0% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock worth $1,024,000 after acquiring an additional 59,940 shares during the last quarter. Barclays PLC purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at approximately $32,000. Virtu Financial LLC acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $339,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Innovative Solutions and Support by 28.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,535 shares of the aerospace company’s stock valued at $483,000 after purchasing an additional 12,495 shares during the last quarter. Finally, Isthmus Partners LLC lifted its position in Innovative Solutions and Support by 17.9% during the fourth quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock worth $1,627,000 after buying an additional 28,882 shares in the last quarter. Hedge funds and other 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.