Barclays PLC Buys New Shares in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Barclays PLC purchased a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,905 shares of the aerospace company’s stock, valued at approximately $32,000.

Several other hedge funds have also added to or reduced their stakes in ISSC. Pekin Hardy Strauss Inc. acquired a new position in Innovative Solutions and Support in the third quarter valued at about $466,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support during the third quarter worth about $155,000. Gabelli Funds LLC grew its holdings 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 purchasing an additional 18,585 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Innovative Solutions and Support during the third quarter worth about $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Innovative Solutions and Support by 29.0% in 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 acquiring an additional 9,888 shares during the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 5th.

Innovative Solutions and Support Trading Down 0.6 %

Shares of Innovative Solutions and Support stock opened at $8.45 on Friday. The company has a market capitalization of $148.18 million, a P/E ratio of 22.84 and a beta of 1.00. The stock has a fifty day simple moving average of $7.92 and a 200 day simple moving average of $7.01. Innovative Solutions and Support, Inc. has a 12-month low of $4.91 and a 12-month high of $8.97.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%.

Innovative Solutions and Support 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.