Innovative Solutions and Support (NASDAQ:ISSC) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) to a strong-buy rating in a report issued on Friday,Zacks.com reports.

ISSC has been the subject of several other research reports. Northland Securities assumed coverage on Innovative Solutions and Support in a research note on Friday. They set an “outperform” rating and a $16.50 target price for the company. Wall Street Zen raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $16.50.

Innovative Solutions and Support Trading Up 6.2%

NASDAQ:ISSC opened at $8.94 on Friday. The stock has a 50-day simple moving average of $10.57 and a 200-day simple moving average of $12.18. The stock has a market cap of $157.67 million, a P/E ratio of 13.55 and a beta of 0.77. Innovative Solutions and Support has a 1 year low of $5.30 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.69 and a current ratio of 3.53.

Institutional Trading of Innovative Solutions and Support

Several institutional investors and hedge funds have recently bought and sold shares of ISSC. Palisades Investment Partners LLC purchased a new position in Innovative Solutions and Support during the 3rd quarter worth $2,927,000. Marshall Wace LLP raised its holdings in shares of 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 valued at $5,985,000 after buying an additional 189,375 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Innovative Solutions and Support during the third quarter worth about $2,031,000. Teton Advisors LLC purchased a new position in shares of Innovative Solutions and Support during the third quarter worth about $1,707,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Innovative Solutions and Support by 415.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 157,250 shares of the aerospace company’s stock valued at $2,183,000 after acquiring an additional 126,729 shares during the period. 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.