StockNews.com Upgrades Innovative Solutions and Support (NASDAQ:ISSC) to Buy

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Monday.

Innovative Solutions and Support Stock Down 2.8 %

Shares of NASDAQ ISSC traded down $0.19 during mid-day trading on Monday, reaching $6.53. 15,043 shares of the company were exchanged, compared to its average volume of 96,674. Innovative Solutions and Support has a 1 year low of $4.91 and a 1 year high of $12.17. The firm has a 50-day moving average of $8.70 and a 200 day moving average of $7.93. The stock has a market cap of $114.48 million, a price-to-earnings ratio of 17.13 and a beta of 1.13. The company has a quick ratio of 3.02, a current ratio of 5.22 and a debt-to-equity ratio of 0.55.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released 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 firm had revenue of $15.97 million for the quarter. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%.

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Insider Activity at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock in a transaction on Friday, January 17th. The shares were sold at an average price of $10.16, for a total value 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. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 263,623 shares of company stock worth $2,911,665 over the last quarter. Insiders own 4.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ISSC. Millennium Management LLC increased its position 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 worth $225,000 after purchasing an additional 4,951 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter valued at approximately $389,000. Jane Street Group LLC purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter valued at approximately $269,000. Schonfeld Strategic Advisors LLC acquired a new stake in Innovative Solutions and Support during the fourth quarter worth $89,000. Finally, Northern Trust Corp lifted its stake in shares of Innovative Solutions and Support by 32.2% in the 4th quarter. Northern Trust Corp now owns 45,043 shares of the aerospace company's stock valued at $385,000 after purchasing an additional 10,961 shares during the last quarter. Hedge funds and other institutional investors own 28.53% of the company's stock.

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.