Innovative Solutions and Support, Inc. $ISSC Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 10.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,500 shares of the aerospace company’s stock after purchasing an additional 11,000 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.64% of Innovative Solutions and Support worth $1,575,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ISSC. American Century Companies Inc. purchased a new position in shares of Innovative Solutions and Support in the 1st quarter worth $64,000. Algert Global LLC acquired a new position in shares of Innovative Solutions and Support in the 1st quarter valued at about $152,000. Meixler Investment Management Ltd. grew its holdings in shares of Innovative Solutions and Support by 31.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 15,275 shares of the aerospace company’s stock worth $212,000 after purchasing an additional 3,650 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Innovative Solutions and Support by 9.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,618 shares of the aerospace company’s stock worth $287,000 after purchasing an additional 4,038 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Innovative Solutions and Support by 53.5% in the first quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company’s stock valued at $303,000 after buying an additional 16,808 shares during the period. 28.53% of the stock is owned by hedge funds and other institutional investors.

Innovative Solutions and Support Price Performance

ISSC opened at $8.85 on Friday. Innovative Solutions and Support, Inc. has a twelve month low of $5.30 and a twelve month high of $20.00. The firm has a market cap of $156.09 million, a price-to-earnings ratio of 13.41 and a beta of 0.77. The company has a current ratio of 3.53, a quick ratio of 1.69 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $11.96.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, August 14th. The aerospace company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Innovative Solutions and Support had a net margin of 15.10% and a return on equity of 23.86%. The firm had revenue of $24.15 million during the quarter, compared to analysts’ expectations of $19.20 million.

Analysts Set New Price Targets

ISSC has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Innovative Solutions and Support has a consensus rating of “Buy”.

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.