Virtu Financial LLC Takes $339,000 Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Virtu Financial LLC acquired a new position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 39,665 shares of the aerospace company’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ISSC. Barclays PLC purchased a new position in shares of Innovative Solutions and Support during the third quarter valued at $32,000. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 worth $287,000 after acquiring an additional 9,888 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in Innovative Solutions and Support by 100.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock valued at $1,024,000 after acquiring an additional 59,940 shares in the last quarter. Finally, Isthmus Partners LLC increased its holdings in shares of Innovative Solutions and Support by 17.9% in the 4th quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock valued at $1,627,000 after purchasing an additional 28,882 shares during the period. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC opened at $6.71 on Friday. The firm has a market cap of $117.73 million, a price-to-earnings ratio of 17.66 and a beta of 1.13. Innovative Solutions and Support, Inc. has a 1 year low of $4.91 and a 1 year high of $12.17. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $7.93.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results on Thursday, February 13th. The aerospace company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.11). The business had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%.

Insider Transactions at Innovative Solutions and Support

In other news, major shareholder Christopher Harborne sold 98,600 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total value of $1,066,852.00. Following the completion of the sale, the insider now directly owns 2,501,169 shares in the company, valued at approximately $27,062,648.58. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 263,623 shares of company stock worth $2,911,665. 4.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Monday.

Innovative Solutions and Support 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.