Northland Capmk Upgrades Innovative Solutions and Support (NASDAQ:ISSC) to “Strong-Buy”

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by stock analysts at Northland Capmk to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

ISSC has been the topic of several other research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research report on Wednesday, October 8th. Northland Securities started coverage on shares of Innovative Solutions and Support in a research note on Friday. They issued an “outperform” rating and a $16.50 price target on the stock. Finally, Wall Street Zen raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $16.50.

Innovative Solutions and Support Price Performance

Shares of NASDAQ ISSC opened at $8.94 on Friday. The firm has a market cap of $157.67 million, a P/E ratio of 13.55 and a beta of 0.77. The business’s 50 day moving average is $10.57 and its 200-day moving average is $12.14. 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 1-year low of $5.30 and a 1-year high of $20.00.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Innovative Solutions and Support by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock valued at $1,711,000 after buying an additional 725 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Innovative Solutions and Support by 1.2% during the third quarter. Gamco Investors INC. ET AL now owns 128,500 shares of the aerospace company’s stock valued at $1,605,000 after purchasing an additional 1,500 shares in the last quarter. Meixler Investment Management Ltd. lifted its stake in Innovative Solutions and Support by 10.1% during the third quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,550 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Innovative Solutions and Support by 12.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company’s stock valued at $213,000 after purchasing an additional 1,700 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Innovative Solutions and Support by 4.0% in the 1st quarter. HighTower Advisors LLC now owns 48,987 shares of the aerospace company’s stock valued at $308,000 after purchasing an additional 1,880 shares in the last quarter. Institutional investors 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.