Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.71 and traded as high as $15.65. Innovative Solutions and Support shares last traded at $15.05, with a volume of 483,938 shares changing hands.
Analysts Set New Price Targets
ISSC has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Singular Research upgraded shares of Innovative Solutions and Support to a "strong-buy" rating in a report on Friday, May 16th.
View Our Latest Stock Analysis on ISSC
Innovative Solutions and Support Price Performance
The company has a market capitalization of $267.70 million, a price-to-earnings ratio of 24.93 and a beta of 0.94. The company's 50 day simple moving average is $13.11 and its 200-day simple moving average is $9.71. The company has a current ratio of 4.87, a quick ratio of 2.66 and a debt-to-equity ratio of 0.51.
Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The aerospace company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.12 by $0.18. The firm had revenue of $21.94 million for the quarter, compared to analyst estimates of $15.37 million. Innovative Solutions and Support had a net margin of 16.61% and a return on equity of 24.37%.
Insider Buying and Selling at Innovative Solutions and Support
In related news, major shareholder Christopher Harborne sold 145,009 shares of Innovative Solutions and Support stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $13.69, for a total transaction of $1,985,173.21. Following the sale, the insider directly owned 1,583,411 shares in the company, valued at $21,676,896.59. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 713,234 shares of company stock worth $9,102,691 in the last quarter. 4.40% of the stock is owned by insiders.
Institutional Trading of Innovative Solutions and Support
Institutional investors and hedge funds have recently bought and sold shares of the stock. Isthmus Partners LLC raised its stake in shares of Innovative Solutions and Support by 0.8% in the first quarter. Isthmus Partners LLC now owns 192,048 shares of the aerospace company's stock valued at $1,208,000 after purchasing an additional 1,588 shares in the last quarter. NewEdge Advisors LLC raised its stake in Innovative Solutions and Support by 7.5% during the fourth quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company's stock worth $209,000 after acquiring an additional 1,709 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Innovative Solutions and Support by 4.0% in the first quarter. HighTower Advisors LLC now owns 48,987 shares of the aerospace company's stock valued at $308,000 after buying an additional 1,880 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Innovative Solutions and Support by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 125,592 shares of the aerospace company's stock valued at $1,073,000 after buying an additional 3,835 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Innovative Solutions and Support by 9.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,618 shares of the aerospace company's stock valued at $287,000 after buying an additional 4,038 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company's stock.
About Innovative Solutions and Support
(
Get Free Report)
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.
Further Reading
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