Innovative Solutions and Support (NASDAQ:ISSC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a hold rating to a buy rating in a report published on Sunday.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Innovative Solutions and Support has an average rating of “Buy”.

Innovative Solutions and Support Stock Performance

Shares of Innovative Solutions and Support stock opened at $11.47 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.53 and a quick ratio of 1.69. The firm has a market cap of $202.33 million, a P/E ratio of 17.38 and a beta of 0.82. The firm has a 50 day simple moving average of $12.34 and a 200 day simple moving average of $11.64. Innovative Solutions and Support has a fifty-two week low of $5.30 and a fifty-two week high of $20.00.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Thursday, August 14th. The aerospace company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $24.15 million during the quarter, compared to analyst estimates of $19.20 million. Innovative Solutions and Support had a net margin of 15.10% and a return on equity of 23.86%.

Institutional Trading of Innovative Solutions and Support

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace LLP grew its holdings in Innovative Solutions and Support by 48.9% during the 2nd quarter. Marshall Wace LLP now owns 289,827 shares of the aerospace company’s stock worth $4,023,000 after acquiring an additional 95,178 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Innovative Solutions and Support by 68.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 210,000 shares of the aerospace company’s stock worth $1,321,000 after purchasing an additional 85,000 shares in the last quarter. Isthmus Partners LLC boosted its position in shares of Innovative Solutions and Support by 0.8% during the first quarter. Isthmus Partners LLC now owns 192,048 shares of the aerospace company’s stock worth $1,208,000 after purchasing an additional 1,588 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Innovative Solutions and Support by 104.1% during the second quarter. Raymond James Financial Inc. now owns 164,479 shares of the aerospace company’s stock worth $2,283,000 after purchasing an additional 83,894 shares in the last quarter. Finally, Man Group plc boosted its position in shares of Innovative Solutions and Support by 6.3% during the second quarter. Man Group plc now owns 162,936 shares of the aerospace company’s stock worth $2,262,000 after purchasing an additional 9,595 shares in the last quarter. Institutional investors and hedge funds 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.