Dimensional Fund Advisors LP Grows Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Dimensional Fund Advisors LP boosted its holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 432,030 shares of the aerospace company’s stock after buying an additional 10,061 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Innovative Solutions and Support were worth $3,690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in Innovative Solutions and Support in the fourth quarter valued at approximately $1,283,000. NewEdge Advisors LLC boosted its holdings in Innovative Solutions and Support by 7.5% in the fourth quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company’s stock valued at $209,000 after purchasing an additional 1,709 shares in the last quarter. Walleye Capital LLC acquired a new position in Innovative Solutions and Support in the fourth quarter valued at approximately $287,000. XTX Topco Ltd acquired a new position in Innovative Solutions and Support in the fourth quarter valued at approximately $119,000. Finally, Renaissance Technologies LLC boosted its holdings in Innovative Solutions and Support by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company’s stock valued at $4,105,000 after purchasing an additional 75,100 shares in the last quarter. 28.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Tuesday.

Innovative Solutions and Support Price Performance

ISSC stock opened at $7.41 on Wednesday. The company has a market capitalization of $130.01 million, a P/E ratio of 19.50 and a beta of 0.69. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $12.17. The business has a 50 day simple moving average of $6.49 and a 200-day simple moving average of $7.83. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.11). The firm had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%.

Innovative Solutions and Support 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.