Innovative Solutions and Support (NASDAQ:ISSC) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a strong-buy rating in a report issued on Tuesday.

Innovative Solutions and Support Trading Up 0.3 %

Shares of NASDAQ:ISSC opened at $7.02 on Tuesday. The company has a market capitalization of $122.81 million, a price-to-earnings ratio of 19.50 and a beta of 1.08. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $9.00. The firm’s 50-day moving average is $6.23 and its 200 day moving average is $6.69.

Insider Buying and Selling at Innovative Solutions and Support

In other news, Director Glen R. Bressner bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $6.53 per share, with a total value of $32,650.00. Following the completion of the transaction, the director now directly owns 123,201 shares of the company’s stock, valued at approximately $804,502.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Glen R. Bressner purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $6.83 per share, for a total transaction of $27,320.00. Following the completion of the transaction, the director now owns 128,201 shares in the company, valued at $875,612.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glen R. Bressner purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of $6.53 per share, for a total transaction of $32,650.00. Following the transaction, the director now owns 123,201 shares of the company’s stock, valued at approximately $804,502.53. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Innovative Solutions and Support by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after purchasing an additional 8,760 shares during the last quarter. Isthmus Partners LLC raised its position in Innovative Solutions and Support by 46.1% in the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock valued at $1,438,000 after purchasing an additional 61,993 shares during the last quarter. Gabelli Funds LLC increased its stake in Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after buying an additional 18,585 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in Innovative Solutions and Support in the 1st quarter valued at $439,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Innovative Solutions and Support during the 1st quarter worth $117,000. 28.53% of the stock is owned by hedge funds and other institutional investors.

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.