Innovative Solutions and Support (NASDAQ:ISSC) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Innovative Solutions and Support Price Performance

Shares of ISSC stock opened at $11.51 on Friday. The stock’s fifty day moving average is $13.23 and its 200-day moving average is $11.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.69 and a current ratio of 3.53. The stock has a market capitalization of $202.90 million, a PE ratio of 17.44 and a beta of 0.82. Innovative Solutions and Support has a 52 week low of $5.30 and a 52 week high of $20.00.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results on Thursday, August 14th. The aerospace company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $24.15 million for the quarter, compared to the consensus estimate of $19.20 million. Innovative Solutions and Support had a return on equity of 23.86% and a net margin of 15.10%.

Institutional Trading of Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISSC. Arrowstreet Capital Limited Partnership increased its position in Innovative Solutions and Support by 415.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 157,250 shares of the aerospace company’s stock worth $2,183,000 after purchasing an additional 126,729 shares during the period. Marshall Wace LLP increased its position in Innovative Solutions and Support by 48.9% in the second quarter. Marshall Wace LLP now owns 289,827 shares of the aerospace company’s stock worth $4,023,000 after purchasing an additional 95,178 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Innovative Solutions and Support by 155.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after purchasing an additional 88,442 shares during the period. Punch & Associates Investment Management Inc. increased its position in Innovative Solutions and Support by 68.0% in 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 during the period. Finally, Raymond James Financial Inc. increased its position in Innovative Solutions and Support by 104.1% in 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 during the period. 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.