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

StockNews.com upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a strong-buy rating in a research report released on Saturday.

Innovative Solutions and Support Stock Down 2.3 %

Shares of NASDAQ ISSC opened at $8.55 on Friday. The stock’s 50-day simple moving average is $7.68 and its two-hundred day simple moving average is $6.87. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $8.97. The firm has a market capitalization of $149.63 million, a P/E ratio of 23.11 and a beta of 1.06.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 8,760 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in shares of Innovative Solutions and Support during the third quarter valued at approximately $466,000. Gabelli Funds LLC increased its stake in shares of Innovative Solutions and Support by 42.2% in the second 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. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after buying an additional 9,888 shares during the last quarter. Finally, Corsair Capital Management L.P. purchased a new stake in shares of Innovative Solutions and Support during the third quarter worth about $155,000. 28.53% of the stock is owned by institutional investors.

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.