Marshall Wace LLP Makes New $1.28 Million Investment in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Marshall Wace LLP acquired a new position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 150,208 shares of the aerospace company's stock, valued at approximately $1,283,000. Marshall Wace LLP owned approximately 0.86% of Innovative Solutions and Support at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in Innovative Solutions and Support by 7.5% in the 4th quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company's stock worth $209,000 after purchasing an additional 1,709 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Innovative Solutions and Support in the fourth quarter worth $287,000. XTX Topco Ltd bought a new position in shares of Innovative Solutions and Support during the fourth quarter worth $119,000. Renaissance Technologies LLC grew its stake 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 valued at $4,105,000 after acquiring an additional 75,100 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Innovative Solutions and Support by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 125,592 shares of the aerospace company's stock valued at $1,073,000 after acquiring an additional 3,835 shares in the last quarter. 28.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a report on Friday, April 11th.

Insiders Place Their Bets

In related news, major shareholder Christopher Harborne sold 14,970 shares of Innovative Solutions and Support stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $11.59, for a total value of $173,502.30. Following the completion of the transaction, the insider now owns 2,296,645 shares in the company, valued at approximately $26,618,115.55. This trade represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company's stock.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock traded down $0.10 during midday trading on Monday, reaching $7.01. 13,820 shares of the stock traded hands, compared to its average volume of 101,711. The company has a quick ratio of 3.02, a current ratio of 5.22 and a debt-to-equity ratio of 0.55. Innovative Solutions and Support, Inc. has a 12 month low of $4.91 and a 12 month high of $12.17. The stock's fifty day moving average is $6.48 and its 200-day moving average is $7.85. The stock has a market cap of $122.90 million, a P/E ratio of 18.43 and a beta of 0.88.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its earnings results on Thursday, February 13th. The aerospace company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.11). Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%. The firm had revenue of $15.97 million for the quarter.

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.