Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Upgraded by Northland Capmk

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by Northland Capmk to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Wednesday, October 8th. Finally, Northland Securities started coverage on Innovative Solutions and Support in a report on Friday. They set an “outperform” rating and a $16.50 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $16.50.

Innovative Solutions and Support Stock Performance

Shares of NASDAQ:ISSC opened at $8.94 on Friday. The firm’s 50 day simple moving average is $10.57 and its 200 day simple moving average is $12.11. Innovative Solutions and Support has a fifty-two week low of $5.30 and a fifty-two week high of $20.00. The company has a market capitalization of $157.67 million, a price-to-earnings ratio of 13.55 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.53 and a quick ratio of 1.69.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors have recently added to or reduced their stakes in ISSC. Punch & Associates Investment Management Inc. increased its holdings in Innovative Solutions and Support by 68.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 210,000 shares of the aerospace company’s stock worth $1,321,000 after purchasing an additional 85,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Innovative Solutions and Support by 155.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after buying an additional 88,442 shares during the period. Algert Global LLC bought a new position in shares of Innovative Solutions and Support during the first quarter worth about $152,000. Gabelli Funds LLC grew its holdings in shares of Innovative Solutions and Support by 39.0% during the first quarter. Gabelli Funds LLC now owns 87,000 shares of the aerospace company’s stock worth $547,000 after buying an additional 24,415 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Innovative Solutions and Support in the 1st quarter valued at approximately $523,000. 28.53% of the stock is owned by institutional investors.

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.