Innovative Solutions and Support (NASDAQ:ISSC) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Innovative Solutions and Support has a consensus rating of “Buy”.

Innovative Solutions and Support Trading Down 4.8%

Innovative Solutions and Support stock opened at $10.62 on Friday. The company has a current ratio of 3.53, a quick ratio of 1.69 and a debt-to-equity ratio of 0.41. Innovative Solutions and Support has a 12 month low of $5.30 and a 12 month high of $20.00. The stock’s 50 day simple moving average is $12.65 and its two-hundred day simple moving average is $11.57. The firm has a market cap of $187.34 million, a PE ratio of 16.09 and a beta of 0.82.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Matauro LLC acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $125,000. Man Group plc raised its stake in shares of Innovative Solutions and Support by 6.3% during the 2nd quarter. Man Group plc now owns 162,936 shares of the aerospace company’s stock worth $2,262,000 after buying an additional 9,595 shares during the period. Lazard Asset Management LLC raised its stake in shares of Innovative Solutions and Support by 4,447.2% during the 2nd quarter. Lazard Asset Management LLC now owns 43,426 shares of the aerospace company’s stock worth $602,000 after buying an additional 42,471 shares during the period. BNP Paribas Financial Markets acquired a new position in Innovative Solutions and Support in the 2nd quarter valued at $352,000. Finally, Ameriprise Financial Inc. acquired a new position in Innovative Solutions and Support in the 2nd quarter valued at $237,000. 28.53% of the stock is owned by institutional investors and hedge funds.

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.