Innovative Solutions and Support (NASDAQ:ISSC) Cut to “Buy” at StockNews.com

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

Innovative Solutions and Support Stock Up 8.7 %

Shares of ISSC stock opened at $8.15 on Friday. Innovative Solutions and Support has a fifty-two week low of $4.91 and a fifty-two week high of $9.00. The firm’s 50 day moving average price is $7.53 and its two-hundred day moving average price is $6.78. The stock has a market cap of $142.63 million, a price-to-earnings ratio of 22.03 and a beta of 1.06.

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

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $32,000. Dimensional Fund Advisors LP lifted its position in shares of Innovative Solutions and Support by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after purchasing an additional 8,760 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted 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 purchasing an additional 9,888 shares during the period. James Investment Research Inc. acquired a new stake in Innovative Solutions and Support during the 3rd quarter valued at $68,000. Finally, Gabelli Funds LLC increased its stake in Innovative Solutions and Support by 42.2% during the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after buying an additional 18,585 shares during the period. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.