Innovative Solutions and Support (NASDAQ:ISSC) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Innovative Solutions and Support (NASDAQ:ISSC – Get Rating) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the aerospace company’s stock.

Innovative Solutions and Support Stock Down 0.4 %

Shares of Innovative Solutions and Support stock traded down $0.03 during trading hours on Friday, reaching $7.78. 12,535 shares of the stock traded hands, compared to its average volume of 15,183. Innovative Solutions and Support has a one year low of $5.77 and a one year high of $9.90. The firm has a market capitalization of $135.29 million, a price-to-earnings ratio of 25.92 and a beta of 0.91. The company has a 50 day moving average price of $8.18 and a 200 day moving average price of $8.53.

Innovative Solutions and Support (NASDAQ:ISSC – Get Rating) last posted its quarterly earnings data on Wednesday, December 14th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $7.26 million for the quarter. Innovative Solutions and Support had a net margin of 18.65% and a return on equity of 17.26%.

Insider Buying and Selling

In other Innovative Solutions and Support news, major shareholder Christopher Harborne acquired 4,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were bought at an average price of $7.72 per share, with a total value of $37,434.28. Following the completion of the acquisition, the insider now owns 2,371,818 shares in the company, valued at approximately $18,310,434.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have acquired 56,296 shares of company stock valued at $441,651. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG raised its stake in Innovative Solutions and Support by 8.2% during the 1st quarter. UBS Group AG now owns 15,561 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 1,177 shares during the period. HighTower Advisors LLC raised its stake in Innovative Solutions and Support by 4.4% during the 1st quarter. HighTower Advisors LLC now owns 42,000 shares of the aerospace company’s stock worth $338,000 after acquiring an additional 1,784 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Innovative Solutions and Support by 21.1% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 12,430 shares of the aerospace company’s stock worth $89,000 after acquiring an additional 2,167 shares during the period. Geode Capital Management LLC raised its stake in Innovative Solutions and Support by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 132,891 shares of the aerospace company’s stock worth $1,092,000 after acquiring an additional 3,993 shares during the period. Finally, Gabelli Funds LLC raised its stake in Innovative Solutions and Support by 10.0% during the 3rd quarter. Gabelli Funds LLC now owns 44,000 shares of the aerospace company’s stock worth $380,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 38.20% of the company’s stock.

About Innovative Solutions and Support

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Innovative Solutions & Support, Inc manufactures flight navigation systems. It designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers.