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

Isthmus Partners LLC acquired a new stake in shares of Innovative Solutions and Support, Inc. (NASDAQ:IA) in the third quarter, HoldingsChannel.com reports. The firm acquired 171,298 shares of the company’s stock, valued at approximately $3,181,000.

Other institutional investors also recently bought and sold shares of the company. Triumph Capital Management boosted its position in Innovative Solutions and Support by 80.6% in the third quarter. Triumph Capital Management now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 625 shares during the last quarter. State Street Corp bought a new stake in shares of Innovative Solutions and Support during the 2nd quarter valued at about $3,407,000. WINTON GROUP Ltd purchased a new stake in shares of Innovative Solutions and Support during the 2nd quarter valued at about $265,000. Engineers Gate Manager LP purchased a new stake in shares of Innovative Solutions and Support during the 2nd quarter valued at about $325,000. Finally, NewEdge Advisors LLC bought a new position in shares of Innovative Solutions and Support in the 2nd quarter worth approximately $367,000. Institutional investors own 28.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Innovative Solutions and Support Stock Performance

Shares of IA stock opened at $19.47 on Friday. Innovative Solutions and Support, Inc. has a 52-week low of $8.13 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.97 and a quick ratio of 1.49. The stock has a market cap of $348.51 million, a price-to-earnings ratio of 16.81 and a beta of 0.60. The business has a fifty day simple moving average of $19.22.

Innovative Solutions and Support (NASDAQ:IA) last posted its quarterly 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, sell-side analysts forecast that Innovative Solutions and Support, Inc. will post 1.03 EPS for the current fiscal year.

Innovative Solutions and Support Company 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.