Innovative Solutions and Support (NASDAQ:ISSC) Rating Lowered to “Hold” at StockNews.com

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

Innovative Solutions and Support Trading Down 2.1 %

Shares of ISSC opened at $11.42 on Monday. The business’s 50-day moving average price is $8.80 and its 200 day moving average price is $7.52. The stock has a market capitalization of $200.31 million, a P/E ratio of 28.55 and a beta of 1.03. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $12.17. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly 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%.

Insiders Place Their Bets

In other news, major shareholder Christopher Harborne sold 7,086 shares of Innovative Solutions and Support stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $11.17, for a total transaction of $79,150.62. Following the completion of the sale, the insider now directly owns 2,417,771 shares in the company, valued at $27,006,502.07. The trade was a 0.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 185,285 shares of company stock worth $2,027,807. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at about $32,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 buying an additional 8,760 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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. James Investment Research Inc. acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at about $68,000. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at about $155,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

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.