Innovative Solutions and Support (NASDAQ:ISSC) Cut to Hold at StockNews.com

StockNews.com cut shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a research report released on Monday.

Innovative Solutions and Support Stock Up 4.7 %

Innovative Solutions and Support stock opened at $11.91 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.02 and a current ratio of 4.77. The firm has a market capitalization of $208.89 million, a price-to-earnings ratio of 29.78 and a beta of 1.03. Innovative Solutions and Support has a fifty-two week low of $4.91 and a fifty-two week high of $12.17. The stock’s fifty day moving average is $8.94 and its two-hundred day moving average is $7.61.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Insider Activity

In other news, major shareholder Christopher Harborne sold 7,086 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $11.17, for a total value of $79,150.62. Following the sale, the insider now directly owns 2,417,771 shares in the company, valued at $27,006,502.07. This represents a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 248,653 shares of company stock worth $2,738,163 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at $32,000. James Investment Research Inc. purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at $68,000. Corsair Capital Management L.P. purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at $155,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Innovative Solutions and Support by 29.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after buying an additional 9,888 shares during the period. Finally, Pekin Hardy Strauss Inc. purchased a new position in Innovative Solutions and Support during the third quarter worth about $466,000. 28.53% of the stock is currently owned by hedge funds and other 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.