Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a research note issued to investors on Monday.

Innovative Solutions and Support Stock Performance

NASDAQ ISSC opened at $11.91 on Monday. The business’s 50-day moving average price is $8.94 and its 200 day moving average price is $7.61. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $12.17. The company has a market capitalization of $208.89 million, a PE ratio of 29.78 and a beta of 1.03. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) last released its 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 18.32% and a net margin of 14.83%.

Insider Transactions at Innovative Solutions and Support

In other news, major shareholder Christopher Harborne sold 98,600 shares of the firm’s 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 transaction, the insider now directly owns 2,501,169 shares in the company, 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 SEC, which is available through this hyperlink. Insiders have sold a total of 248,653 shares of company stock worth $2,738,163 in the last three months. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of large investors have recently modified their holdings of ISSC. Barclays PLC purchased a new position in shares of Innovative Solutions and Support in the 3rd quarter worth about $32,000. James Investment Research Inc. acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $68,000. Corsair Capital Management L.P. acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $155,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 buying an additional 9,888 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $466,000. 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.