Bridgeway Capital Management LLC Sells 3,900 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Bridgeway Capital Management LLC decreased its holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,900 shares of the aerospace company’s stock after selling 3,900 shares during the quarter. Bridgeway Capital Management LLC owned 0.47% of Innovative Solutions and Support worth $699,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC purchased a new stake in shares of Innovative Solutions and Support in the third quarter worth approximately $32,000. Mesirow Financial Investment Management Inc. raised its position in Innovative Solutions and Support by 100.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock valued at $1,024,000 after buying an additional 59,940 shares during the last quarter. Isthmus Partners LLC raised its position in Innovative Solutions and Support by 17.9% in the 4th quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock valued at $1,627,000 after buying an additional 28,882 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Innovative Solutions and Support by 28.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,535 shares of the aerospace company’s stock valued at $483,000 after acquiring an additional 12,495 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Innovative Solutions and Support during the 4th quarter worth $339,000. Institutional investors own 28.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Friday, April 11th.

Innovative Solutions and Support Trading Down 1.7%

NASDAQ:ISSC opened at $6.87 on Monday. Innovative Solutions and Support, Inc. has a 52 week low of $4.91 and a 52 week high of $12.17. The firm has a 50-day moving average price of $6.47 and a two-hundred day moving average price of $7.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 5.22. The firm has a market cap of $120.53 million, a price-to-earnings ratio of 18.08 and a beta of 0.69.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, February 13th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). The business had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%.

Innovative Solutions and Support 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.