Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 480,659 shares of the aerospace company's stock after buying an additional 75,100 shares during the quarter. Renaissance Technologies LLC owned approximately 2.74% of Innovative Solutions and Support worth $4,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mesirow Financial Investment Management Inc. lifted its stake in 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 buying an additional 59,940 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at $339,000. Isthmus Partners LLC boosted its stake 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. Arrowstreet Capital Limited Partnership purchased a new stake in Innovative Solutions and Support during the 4th quarter worth about $107,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Innovative Solutions and Support by 28.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,535 shares of the aerospace company's stock valued at $483,000 after purchasing an additional 12,495 shares during the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Trading Up 0.4 %

ISSC stock traded up $0.02 during trading on Friday, reaching $6.72. 15,867 shares of the stock traded hands, compared to its average volume of 100,973. The business's 50 day moving average price is $6.61 and its 200-day moving average price is $7.85. The firm has a market capitalization of $117.97 million, a PE ratio of 17.62 and a beta of 0.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.22 and a quick ratio of 3.02. Innovative Solutions and Support, Inc. has a 52-week low of $4.91 and a 52-week high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its quarterly earnings data 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%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a report on Friday, April 11th.

Insider Buying and Selling

In related news, major shareholder Christopher Harborne sold 14,970 shares of the firm's 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 directly owns 2,296,645 shares in the company, valued at $26,618,115.55. This trade represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 85,424 shares of company stock worth $963,008. 4.40% of the stock is currently owned by corporate insiders.

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.