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

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

Innovative Solutions and Support Stock Down 18.5 %

Innovative Solutions and Support stock opened at $8.63 on Monday. The business has a fifty day moving average of $9.42 and a two-hundred day moving average of $7.87. The firm has a market cap of $151.37 million, a P/E ratio of 21.58 and a beta of 1.03. The company has a quick ratio of 3.02, a current ratio of 4.77 and a debt-to-equity ratio of 0.60. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly 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 return on equity of 18.32% and a net margin of 14.83%.

Insider Activity at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 14,970 shares of Innovative Solutions and Support stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $11.59, for a total transaction of $173,502.30. Following the completion of the transaction, the insider now owns 2,296,645 shares in the company, valued at approximately $26,618,115.55. This trade represents a 0.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 263,623 shares of company stock valued at $2,911,665 in the last ninety days. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of institutional investors have recently modified their holdings of ISSC. Renaissance Technologies LLC grew its position in shares of Innovative Solutions and Support by 18.5% during the 4th 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 grew its position in shares of 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 acquiring an additional 10,061 shares during the period. Isthmus Partners LLC grew its position in shares of 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 acquiring an additional 28,882 shares during the period. Marshall Wace LLP acquired a new stake in shares of Innovative Solutions and Support during the 4th quarter valued at about $1,283,000. Finally, Geode Capital Management LLC grew its position in shares of Innovative Solutions and Support by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 125,592 shares of the aerospace company’s stock valued at $1,073,000 after acquiring an additional 3,835 shares during the period. 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.