Innovative Solutions and Support (NASDAQ:ISSC) Raised to “Buy” at Wall Street Zen

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Innovative Solutions and Support Stock Performance

Shares of ISSC stock opened at $11.85 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.53 and a quick ratio of 1.69. The stock has a market cap of $208.92 million, a PE ratio of 17.95 and a beta of 0.80. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $11.02. Innovative Solutions and Support has a one year low of $5.30 and a one year high of $20.00.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings results on Thursday, August 14th. The aerospace company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $24.15 million during the quarter, compared to the consensus estimate of $19.20 million. Innovative Solutions and Support had a net margin of 15.10% and a return on equity of 23.86%.

Insiders Place Their Bets

In other news, major shareholder Christopher Harborne sold 145,009 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $13.69, for a total value of $1,985,173.21. Following the completion of the transaction, the insider owned 1,583,411 shares in the company, valued at $21,676,896.59. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Marshall Wace LLP grew its position in Innovative Solutions and Support by 48.9% in the second quarter. Marshall Wace LLP now owns 289,827 shares of the aerospace company’s stock valued at $4,023,000 after purchasing an additional 95,178 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Innovative Solutions and Support by 68.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 210,000 shares of the aerospace company’s stock worth $1,321,000 after purchasing an additional 85,000 shares in the last quarter. Isthmus Partners LLC increased its holdings in Innovative Solutions and Support by 0.8% in the 1st quarter. Isthmus Partners LLC now owns 192,048 shares of the aerospace company’s stock valued at $1,208,000 after buying an additional 1,588 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Innovative Solutions and Support by 104.1% in the second quarter. Raymond James Financial Inc. now owns 164,479 shares of the aerospace company’s stock worth $2,283,000 after acquiring an additional 83,894 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Innovative Solutions and Support by 6.3% during the second quarter. Man Group plc now owns 162,936 shares of the aerospace company’s stock worth $2,262,000 after purchasing an additional 9,595 shares during the last quarter. 28.53% of the stock is currently owned by 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.