Innovative Solutions and Support (NASDAQ:ISSC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC - Free Report) from a hold rating to a buy rating in a report issued on Wednesday morning.

Separately, Singular Research upgraded Innovative Solutions and Support to a "strong-buy" rating in a research note on Friday, May 16th.

Innovative Solutions and Support Stock Up 4.4%

Shares of ISSC traded up $0.44 during midday trading on Wednesday, hitting $10.45. The stock had a trading volume of 135,770 shares, compared to its average volume of 111,028. The firm has a market cap of $183.96 million, a price-to-earnings ratio of 27.50 and a beta of 0.69. The company has a 50 day simple moving average of $6.99 and a two-hundred day simple moving average of $7.97. Innovative Solutions and Support has a twelve month low of $5.25 and a twelve month high of $12.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.22 and a quick ratio of 3.02.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its earnings results on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.18. The business had revenue of $21.94 million for the quarter, compared to the consensus estimate of $15.37 million. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of institutional investors have recently modified their holdings of ISSC. Renaissance Technologies LLC increased its position in Innovative Solutions and Support by 18.5% during the fourth quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company's stock worth $4,105,000 after acquiring an additional 75,100 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Innovative Solutions and Support by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 432,030 shares of the aerospace company's stock worth $3,690,000 after purchasing an additional 10,061 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of Innovative Solutions and Support by 68.0% during 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. Isthmus Partners LLC raised its position 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 buying an additional 1,588 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $1,283,000. 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.