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 note released on Monday morning.

Innovative Solutions and Support Stock Down 2.0 %

ISSC stock opened at $6.73 on Monday. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average of $8.77 and a two-hundred day moving average of $7.93. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $12.17. The company has a market cap of $118.08 million, a price-to-earnings ratio of 17.71 and a beta of 1.13.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results 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 net margin of 12.40% and a return on equity of 16.80%.

Insider Activity

In other news, major shareholder Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock in a transaction that occurred 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 sale, the insider now owns 2,599,769 shares of the company’s stock, valued at approximately $26,413,653.04. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 263,623 shares of company stock valued at $2,911,665. 4.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. lifted its stake in shares of Innovative Solutions and Support by 100.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock valued at $1,024,000 after purchasing an additional 59,940 shares during the last quarter. Barclays PLC acquired a new position in Innovative Solutions and Support in the third quarter valued at about $32,000. Pekin Hardy Strauss Inc. acquired a new position in Innovative Solutions and Support in the third quarter valued at about $466,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Innovative Solutions and Support by 28.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,535 shares of the aerospace company’s stock worth $483,000 after buying an additional 12,495 shares during the period. Finally, Isthmus Partners LLC increased its position in shares of 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 valued at $1,627,000 after acquiring an additional 28,882 shares during the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

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.