Pekin Hardy Strauss Inc. purchased a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 71,525 shares of the aerospace company's stock, valued at approximately $466,000. Pekin Hardy Strauss Inc. owned about 0.41% of Innovative Solutions and Support at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. James Investment Research Inc. acquired a new position in Innovative Solutions and Support in the third quarter worth $68,000. Quadrature Capital Ltd bought a new position in shares of Innovative Solutions and Support in the 1st quarter worth about $117,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company's stock valued at $287,000 after buying an additional 9,888 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company's stock valued at $376,000 after buying an additional 18,585 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Innovative Solutions and Support by 2.1% during the 2nd 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 during the last quarter. 28.53% of the stock is currently owned by institutional investors.
Innovative Solutions and Support Stock Performance
Shares of Innovative Solutions and Support stock traded up $0.01 during trading on Monday, hitting $7.71. 57,545 shares of the stock were exchanged, compared to its average volume of 44,680. Innovative Solutions and Support, Inc. has a 12 month low of $4.91 and a 12 month high of $9.00. The stock's fifty day moving average is $7.08 and its 200 day moving average is $6.53. The stock has a market cap of $134.93 million, a PE ratio of 20.84 and a beta of 1.06.
Analysts Set New Price Targets
Separately, StockNews.com raised Innovative Solutions and Support from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 27th.
Check Out Our Latest Stock Report on ISSC
About Innovative Solutions and Support
(
Free Report)
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.
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