171,298 Shares in Innovative Solutions and Support, Inc. $IA Bought by Isthmus Partners LLC

Isthmus Partners LLC bought a new position in Innovative Solutions and Support, Inc. (NASDAQ:IA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 171,298 shares of the company’s stock, valued at approximately $3,181,000. Isthmus Partners LLC owned approximately 0.96% of Innovative Solutions and Support at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Triumph Capital Management grew its position in Innovative Solutions and Support by 80.6% during the 3rd quarter. Triumph Capital Management now owns 1,400 shares of the company’s stock worth $26,000 after acquiring an additional 625 shares during the last quarter. State Street Corp bought a new stake in Innovative Solutions and Support in the second quarter valued at approximately $3,407,000. WINTON GROUP Ltd bought a new stake in Innovative Solutions and Support in the second quarter valued at approximately $265,000. Engineers Gate Manager LP bought a new stake in Innovative Solutions and Support in the second quarter valued at approximately $325,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Innovative Solutions and Support during the second quarter valued at approximately $367,000. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Stock Down 1.9%

IA stock opened at $19.47 on Friday. Innovative Solutions and Support, Inc. has a twelve month low of $8.13 and a twelve month high of $30.94. The company’s 50 day moving average is $19.22. The company has a market cap of $348.51 million, a price-to-earnings ratio of 16.81 and a beta of 0.60. The company has a current ratio of 2.97, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63.

Innovative Solutions and Support (NASDAQ:IA) last issued its earnings results on Thursday, August 13th. The company reported $0.33 EPS for the quarter. Innovative Solutions and Support had a return on equity of 30.53% and a net margin of 20.50%. The business had revenue of $26.73 million for the quarter. On average, research analysts expect that Innovative Solutions and Support, Inc. will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IA shares. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. Wall Street Zen raised shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Innovative Solutions and Support currently has a consensus rating of “Moderate Buy”.

Innovative Solutions and Support Profile

Innovative Solutions and Support, Inc develops and manufactures avionics and cockpit systems for the aviation industry. Its products are designed to provide pilots with flight information, navigation capabilities, aircraft control functions and other integrated cockpit data.

The company’s product portfolio includes flat-panel display systems, primary and multifunction flight displays, air data display units, integrated standby instruments, flight management systems and related cockpit electronics.