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

StockNews.com upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a hold rating to a buy rating in a report released on Monday morning.

Innovative Solutions and Support Stock Performance

Shares of Innovative Solutions and Support stock opened at $6.73 on Monday. The stock has a market capitalization of $118.08 million, a price-to-earnings ratio of 17.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.22 and a quick ratio of 3.02. The business has a 50-day moving average of $8.77 and a 200 day moving average of $7.93. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC) last posted 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). Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%. The business had revenue of $15.97 million during the quarter.

Insider Transactions at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 98,600 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.82, for a total value of $1,066,852.00. Following the sale, the insider now owns 2,501,169 shares of the company’s stock, 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 valued at $2,911,665. 4.40% of the stock is currently owned by company insiders.

Institutional Trading of Innovative Solutions and Support

A number of large investors have recently made changes to their positions in ISSC. Mesirow Financial Investment Management Inc. lifted its stake in 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 acquiring an additional 59,940 shares during the last quarter. Barclays PLC acquired a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at $32,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth $466,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Innovative Solutions and Support by 28.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,535 shares of the aerospace company’s stock worth $483,000 after purchasing an additional 12,495 shares in the last quarter. Finally, Isthmus Partners LLC increased its holdings in Innovative Solutions and Support by 17.9% in the fourth quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock valued at $1,627,000 after buying an additional 28,882 shares during the last quarter. 28.53% of the stock is currently owned by hedge funds and other 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.