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

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

Innovative Solutions and Support Stock Down 0.4 %

ISSC stock opened at $11.37 on Monday. The stock has a market capitalization of $199.43 million, a price-to-earnings ratio of 28.43 and a beta of 1.03. The company has a 50-day moving average of $8.87 and a two-hundred day moving average of $7.56. Innovative Solutions and Support has a 52-week low of $4.91 and a 52-week high of $12.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results 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 18.32% and a net margin of 14.83%.

Insider Activity at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 69,599 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $11.21, for a total value of $780,204.79. Following the completion of the transaction, the insider now directly owns 2,431,570 shares of the company’s stock, valued at $27,257,899.70. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 185,285 shares of company stock worth $2,027,807 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Innovative Solutions and Support

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after purchasing an additional 8,760 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at $466,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Innovative Solutions and Support by 29.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after buying an additional 9,888 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Innovative Solutions and Support in the third quarter valued at about $155,000. Finally, James Investment Research Inc. acquired a new position in Innovative Solutions and Support during the 3rd quarter worth about $68,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.