Ingalls & Snyder LLC Decreases Stake in Innovative Solutions & Support Inc (NASDAQ:ISSC)

Ingalls & Snyder LLC reduced its stake in shares of Innovative Solutions & Support Inc (NASDAQ:ISSC) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 278,129 shares of the aerospace company’s stock after selling 23,038 shares during the period. Ingalls & Snyder LLC owned approximately 1.64% of Innovative Solutions & Support worth $1,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. California Public Employees Retirement System boosted its position in shares of Innovative Solutions & Support by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 108,034 shares of the aerospace company’s stock worth $508,000 after buying an additional 5,900 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Innovative Solutions & Support by 51.4% in the 2nd quarter. Vanguard Group Inc. now owns 216,185 shares of the aerospace company’s stock worth $1,103,000 after buying an additional 73,362 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Innovative Solutions & Support by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 422,776 shares of the aerospace company’s stock worth $2,156,000 after buying an additional 18,989 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Innovative Solutions & Support by 1.4% in the 2nd quarter. BlackRock Inc. now owns 463,607 shares of the aerospace company’s stock worth $2,364,000 after buying an additional 6,368 shares in the last quarter. Institutional investors own 24.69% of the company’s stock.

Separately, ValuEngine upgraded shares of Innovative Solutions & Support from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st.

NASDAQ:ISSC opened at $5.38 on Thursday. The firm has a market cap of $92.15 million, a price-to-earnings ratio of 49.54 and a beta of -0.07. The company’s 50-day moving average is $5.41 and its two-hundred day moving average is $5.00. Innovative Solutions & Support Inc has a 12-month low of $2.05 and a 12-month high of $7.11.

About Innovative Solutions & Support

Innovative Solutions and Support, Inc, a systems integrator, designs, manufactures, sells, and services flight guidance and cockpit display systems. It offers flat panel display systems that could replicate the display of analog or digital displays on one screen and could replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; flight management systems that complement the IS&S flat panel display system upgrade for commercial air transport aircraft; and integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications.

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Institutional Ownership by Quarter for Innovative Solutions & Support (NASDAQ:ISSC)

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