Innovative Solutions and Support (NASDAQ:ISSC) Upgraded by StockNews.com to Buy Rating

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Innovative Solutions and Support Stock Performance

ISSC stock opened at $6.87 on Monday. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $12.17. The stock has a 50-day moving average price of $8.82 and a 200-day moving average price of $7.94. The firm has a market cap of $120.53 million, a PE ratio of 18.08 and a beta of 1.13.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.11). Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%. The business had revenue of $15.97 million during the quarter.

Insider Activity

In related news, major shareholder Christopher Harborne sold 98,600 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.82, for a total transaction of $1,066,852.00. Following the transaction, the insider now owns 2,501,169 shares in the company, valued at $27,062,648.58. The trade was a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 263,623 shares of company stock valued at $2,911,665. 4.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in shares of Innovative Solutions and Support by 7.5% in the 4th quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company’s stock valued at $209,000 after purchasing an additional 1,709 shares during the period. Geode Capital Management LLC raised its holdings in Innovative Solutions and Support by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 125,592 shares of the aerospace company’s stock worth $1,073,000 after acquiring an additional 3,835 shares during the last quarter. Barclays PLC purchased a new position in shares of Innovative Solutions and Support in the third quarter worth $32,000. Millennium Management LLC boosted its position in shares of Innovative Solutions and Support by 23.1% during the fourth 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Innovative Solutions and Support by 29.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 9,888 shares during the last quarter. 28.53% of the stock is owned by hedge funds and other institutional investors.

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.