Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 29.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,040 shares of the aerospace company’s stock after purchasing an additional 9,888 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Innovative Solutions and Support were worth $287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after buying an additional 8,760 shares during the last quarter. James Investment Research Inc. acquired a new stake in Innovative Solutions and Support in the third quarter worth about $68,000. Quadrature Capital Ltd acquired a new stake in Innovative Solutions and Support in the first quarter worth about $117,000. Finally, Gabelli Funds LLC grew its stake in shares of Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 18,585 shares during the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Trading Up 0.3 %

NASDAQ:ISSC opened at $7.76 on Friday. The company has a market capitalization of $135.80 million, a P/E ratio of 20.97 and a beta of 1.06. Innovative Solutions and Support, Inc. has a 12 month low of $4.91 and a 12 month high of $9.00. The firm has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $6.58.

Wall Street Analysts Forecast Growth

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

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.