Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Receives Consensus Rating of “Buy” from Brokerages

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) has received a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.25.

ISSC has been the topic of several research analyst reports. Craig Hallum initiated coverage on shares of Innovative Solutions and Support in a research note on Friday. They set a “buy” rating and a $16.00 target price on the stock. Wall Street Zen raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Northland Securities started coverage on shares of Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective on the stock. Northland Capmk raised shares of Innovative Solutions and Support to a “strong-buy” rating in a research report on Friday, November 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Wednesday, October 8th.

Innovative Solutions and Support Stock Up 5.6%

ISSC traded up $0.56 during trading on Friday, hitting $10.54. 152,038 shares of the company’s stock traded hands, compared to its average volume of 343,509. The stock has a market capitalization of $185.93 million, a price-to-earnings ratio of 15.95 and a beta of 0.77. The company’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $12.24. Innovative Solutions and Support has a 12-month low of $5.30 and a 12-month high of $20.00. The company has a current ratio of 3.53, a quick ratio of 1.69 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Innovative Solutions and Support

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Innovative Solutions and Support by 3.5% during the third quarter. Vanguard Group Inc. now owns 556,188 shares of the aerospace company’s stock valued at $6,947,000 after buying an additional 18,866 shares during the period. Marshall Wace LLP raised its position in Innovative Solutions and Support by 65.3% in the third quarter. Marshall Wace LLP now owns 479,202 shares of the aerospace company’s stock worth $5,985,000 after acquiring an additional 189,375 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in shares of Innovative Solutions and Support by 46.0% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 306,695 shares of the aerospace company’s stock worth $3,831,000 after acquiring an additional 96,695 shares during the last quarter. Palisades Investment Partners LLC bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $2,927,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Innovative Solutions and Support by 47.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 231,368 shares of the aerospace company’s stock worth $2,890,000 after purchasing an additional 74,118 shares in the last quarter. Institutional investors own 28.53% of the company’s stock.

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.