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

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Innovative Solutions and Support Stock Up 3.8 %

ISSC traded up $0.25 during trading on Monday, hitting $6.90. The stock had a trading volume of 67,315 shares, compared to its average volume of 96,939. The stock has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $7.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 5.22. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $12.17. The company has a market capitalization of $121.06 million, a PE ratio of 18.16 and a beta of 1.13.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share 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 business had revenue of $15.97 million during the quarter.

Insider Transactions at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 98,600 shares of Innovative Solutions and Support stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total value of $1,066,852.00. Following the completion of the sale, the insider now directly owns 2,501,169 shares in the company, valued at $27,062,648.58. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 263,623 shares of company stock worth $2,911,665. Insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ISSC. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Innovative Solutions and Support by 29.0% during 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 buying an additional 9,888 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Innovative Solutions and Support during the 3rd quarter worth about $466,000. Corsair Capital Management L.P. purchased a new stake in Innovative Solutions and Support during the 3rd quarter valued at about $155,000. Barclays PLC acquired a new position in shares of Innovative Solutions and Support in the third quarter valued at about $32,000. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Innovative Solutions and Support by 100.0% in the fourth 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 during the last quarter. Institutional investors and hedge funds 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.