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

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

Innovative Solutions and Support Stock Down 3.8 %

Shares of NASDAQ ISSC traded down $0.31 during trading on Monday, reaching $7.93. 284,653 shares of the stock were exchanged, compared to its average volume of 294,734. The business's 50-day moving average price is $9.48 and its 200 day moving average price is $7.91. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $12.17. The company has a quick ratio of 3.02, a current ratio of 5.22 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $139.17 million, a price-to-earnings ratio of 20.87 and a beta of 1.03.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its earnings results on Thursday, February 13th. The aerospace company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.11). Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%. The firm had revenue of $15.97 million for the quarter.

Insider Transactions at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 14,970 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $11.59, for a total value of $173,502.30. Following the sale, the insider now directly owns 2,296,645 shares of the company's stock, valued at $26,618,115.55. This represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 263,623 shares of company stock valued at $2,911,665. Corporate insiders own 3.70% of the company's stock.

Institutional Trading of Innovative Solutions and Support

Several institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in shares of Innovative Solutions and Support by 7.5% during the fourth quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company's stock worth $209,000 after purchasing an additional 1,709 shares during the period. Geode Capital Management LLC boosted 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 purchasing an additional 3,835 shares in the last quarter. Barclays PLC purchased a new stake in Innovative Solutions and Support during the third quarter valued at about $32,000. Millennium Management LLC lifted its stake in 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 valued at $225,000 after buying an additional 4,951 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 worth $287,000 after purchasing an additional 9,888 shares in the last quarter. 28.53% of the stock is owned by institutional investors and hedge funds.

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.