Innovative Solutions and Support (NASDAQ:ISSC) Lowered to Hold Rating by Wall Street Zen

Key Points

• Innovative Solutions and Support (NASDAQ: ISSC) has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen.
• The company reported $0.14 earnings per share, missing the consensus estimate of $0.16, while revenue of $24.15 million exceeded expectations of $19.20 million.
• Institutional investors own 28.53% of the company's stock, with significant stakes purchased by firms like Matauro LLC and Lazard Asset Management LLC.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Innovative Solutions and Support in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy".

Innovative Solutions and Support Stock Performance

Shares of ISSC opened at $11.51 on Friday. The stock has a 50 day moving average price of $13.23 and a 200 day moving average price of $11.36. The company has a quick ratio of 1.69, a current ratio of 3.53 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $202.92 million, a price-to-earnings 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The business 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 Investors Weigh In On Innovative Solutions and Support

Several large investors have recently modified their holdings of the stock. Matauro LLC purchased a new stake in shares of Innovative Solutions and Support during the third quarter worth approximately $125,000. Man Group plc raised its stake 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 during the last quarter. Lazard Asset Management LLC raised its stake in shares of Innovative Solutions and Support by 4,447.2% during the second quarter. Lazard Asset Management LLC now owns 43,426 shares of the aerospace company's stock worth $602,000 after purchasing an additional 42,471 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Innovative Solutions and Support during the second quarter worth approximately $352,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Innovative Solutions and Support during the second quarter worth approximately $237,000. Hedge funds and other institutional investors 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.

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