Innovative Solutions and Support (NASDAQ:ISSC) Upgraded 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 morning.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $8.59 on Monday. The company’s 50-day moving average is $9.45 and its two-hundred day moving average is $7.90. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year 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. The firm has a market capitalization of $150.67 million, a price-to-earnings ratio of 22.61 and a beta of 1.03.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 17.19%. The company had revenue of $15.97 million during the quarter.

Insider Buying and Selling at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 10,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $10.16, for a total transaction of $101,600.00. Following the completion of the transaction, the insider now owns 2,599,769 shares in the company, valued at approximately $26,413,653.04. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 263,623 shares of company stock valued at $2,911,665 in the last 90 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 the business. Millennium Management LLC raised its stake in shares of Innovative Solutions and Support by 23.1% during the fourth quarter. Millennium Management LLC now owns 26,391 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 4,951 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Innovative Solutions and Support in the 4th quarter worth $389,000. Jane Street Group LLC acquired a new stake in shares of Innovative Solutions and Support in the 4th quarter worth $269,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at about $89,000. Finally, Northern Trust Corp increased its stake in shares of Innovative Solutions and Support by 32.2% during the fourth quarter. Northern Trust Corp now owns 45,043 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 10,961 shares during the period. 28.53% of the stock is owned by institutional investors and hedge funds.

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.