Renaissance Technologies LLC Sells 11,312 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Renaissance Technologies LLC decreased its stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 408,475 shares of the aerospace company’s stock after selling 11,312 shares during the quarter. Renaissance Technologies LLC owned about 2.33% of Innovative Solutions and Support worth $2,451,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in Innovative Solutions and Support in the 1st quarter worth $117,000. Mesirow Financial Investment Management Inc. bought a new position in Innovative Solutions and Support during the first quarter valued at approximately $439,000. Isthmus Partners LLC grew its holdings in Innovative Solutions and Support by 46.1% during the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock valued at $1,438,000 after buying an additional 61,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after acquiring an additional 8,760 shares during the last quarter. 28.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Innovative Solutions and Support Stock Down 3.5 %

Innovative Solutions and Support stock opened at $6.29 on Wednesday. The company has a market cap of $110.04 million, a PE ratio of 17.47 and a beta of 1.07. The company’s 50-day moving average price is $6.61 and its 200-day moving average price is $6.43. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $9.00.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Friday, August 9th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $11.77 million during the quarter. Innovative Solutions and Support had a net margin of 14.40% and a return on equity of 16.62%.

Insider Transactions at Innovative Solutions and Support

In other Innovative Solutions and Support news, Director Glen R. Bressner acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $6.53 per share, for a total transaction of $32,650.00. Following the completion of the purchase, the director now owns 123,201 shares in the company, valued at $804,502.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Glen R. Bressner acquired 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $6.83 per share, with a total value of $27,320.00. Following the completion of the acquisition, the director now owns 128,201 shares of the company’s stock, valued at $875,612.83. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Glen R. Bressner acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $6.53 per share, for a total transaction of $32,650.00. Following the completion of the acquisition, the director now directly owns 123,201 shares in the company, valued at $804,502.53. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

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.