Innovative Solutions and Support (NASDAQ:ISSC) Downgraded to "Hold" Rating by StockNews.com

StockNews.com cut shares of Innovative Solutions and Support (NASDAQ:ISSC - Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday.

Innovative Solutions and Support Stock Down 2.1 %

ISSC stock traded down $0.24 during mid-day trading on Monday, reaching $11.03. The company had a trading volume of 119,008 shares, compared to its average volume of 259,694. The company has a market capitalization of $193.47 million, a price-to-earnings ratio of 27.58 and a beta of 1.03. Innovative Solutions and Support has a 52 week low of $4.91 and a 52 week high of $12.17. The stock has a 50 day simple moving average of $9.10 and a two-hundred day simple moving average of $7.66. 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 - Get Free Report) last issued its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter. Innovative Solutions and Support had a net margin of 14.83% and a return on equity of 18.32%.

Insider Transactions at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 14,970 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $11.59, for a total transaction of $173,502.30. Following the transaction, the insider now owns 2,296,645 shares in the company, valued at $26,618,115.55. This trade represents a 0.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 263,623 shares of company stock worth $2,911,665. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Innovative Solutions and Support by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company's stock valued at $2,509,000 after buying an additional 8,760 shares in the last quarter. Isthmus Partners LLC lifted 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. Mesirow Financial Investment Management Inc. grew its holdings in shares of Innovative Solutions and Support by 100.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company's stock worth $1,024,000 after purchasing an additional 59,940 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Innovative Solutions and Support in the third quarter worth $466,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 purchasing an additional 9,888 shares in the last quarter. 28.53% of the stock is owned by 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.