OMERS ADMINISTRATION Corp Buys Shares of 83,200 Innovative Solutions and Support, Inc. $ISSC

OMERS ADMINISTRATION Corp bought a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 83,200 shares of the aerospace company’s stock, valued at approximately $523,000. OMERS ADMINISTRATION Corp owned 0.47% of Innovative Solutions and Support at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ISSC. American Century Companies Inc. acquired a new position in Innovative Solutions and Support during the 1st quarter valued at about $64,000. Schonfeld Strategic Advisors LLC acquired a new position in Innovative Solutions and Support during the 4th quarter valued at about $89,000. Sterneck Capital Management LLC acquired a new position in Innovative Solutions and Support during the 1st quarter valued at about $112,000. Algert Global LLC acquired a new position in Innovative Solutions and Support during the 1st quarter valued at about $152,000. Finally, Millennium Management LLC increased its stake in Innovative Solutions and Support by 23.1% during the 4th 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 during the period. Institutional investors and hedge funds own 28.53% of the company’s stock.

Insider Activity at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 145,009 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $13.69, for a total value of $1,985,173.21. Following the completion of the transaction, the insider directly owned 1,583,411 shares in the company, valued at $21,676,896.59. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 644,731 shares of company stock valued at $8,307,249 in the last ninety days. Company insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ISSC. Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Sunday, August 24th. Singular Research upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a research report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $12.38 on Wednesday. Innovative Solutions and Support, Inc. has a twelve month low of $5.30 and a twelve month high of $20.00. The company has a 50-day moving average of $14.84 and a 200-day moving average of $10.49. The firm has a market cap of $218.26 million, a price-to-earnings ratio of 18.76 and a beta of 0.80. The company has a current ratio of 3.53, a quick ratio of 1.69 and a debt-to-equity ratio of 0.41.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results on Thursday, August 14th. The aerospace company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Innovative Solutions and Support had a return on equity of 23.86% and a net margin of 15.10%.The firm had revenue of $24.15 million during the quarter, compared to analyst estimates of $19.20 million.

Innovative Solutions and Support 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.