Renaissance Technologies LLC Reduces Stock Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Renaissance Technologies LLC decreased its position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 408,475 shares of the aerospace company’s stock after selling 11,312 shares during the period. Renaissance Technologies LLC’s holdings in Innovative Solutions and Support were worth $2,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after purchasing an additional 8,760 shares during the last quarter. Isthmus Partners LLC lifted its stake in Innovative Solutions and Support by 46.1% in the first quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock worth $1,438,000 after acquiring an additional 61,993 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in Innovative Solutions and Support in the first quarter valued at $439,000. Finally, Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support in the first quarter valued at approximately $117,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 27th.

Insider Buying and Selling at Innovative Solutions and Support

In other news, Director Glen R. Bressner purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $6.53 per share, with a total value of $32,650.00. Following the purchase, the director now directly owns 123,201 shares of the company’s stock, valued at $804,502.53. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Glen R. Bressner bought 4,000 shares of the stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $6.83 per share, with a total value of $27,320.00. Following the completion of the acquisition, the director now owns 128,201 shares of the company’s stock, valued at $875,612.83. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glen R. Bressner purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $6.53 per share, with a total value of $32,650.00. Following the purchase, the director now directly owns 123,201 shares in the company, valued at $804,502.53. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.

Innovative Solutions and Support Stock Performance

Shares of Innovative Solutions and Support stock opened at $6.29 on Wednesday. The company has a market cap of $110.04 million, a P/E ratio of 17.47 and a beta of 1.07. Innovative Solutions and Support, Inc. has a one year low of $4.91 and a one year high of $9.00. The firm has a fifty day moving average of $6.61 and a two-hundred day moving average of $6.43.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Friday, August 9th. The aerospace company reported $0.11 EPS for the quarter. The firm had revenue of $11.77 million during the quarter. Innovative Solutions and Support had a net margin of 14.40% and a return on equity of 16.62%.

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.