Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Christopher Harborne Sells 7,086 Shares

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 7,086 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $11.17, for a total value of $79,150.62. Following the transaction, the insider now owns 2,417,771 shares in the company, valued at $27,006,502.07. This represents a 0.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Christopher Harborne also recently made the following trade(s):

• On Thursday, January 23rd, Christopher Harborne sold 69,599 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.21, for a total value of $780,204.79.
• On Tuesday, January 21st, Christopher Harborne sold 98,600 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $10.82, for a total transaction of $1,066,852.00.
• On Friday, January 17th, Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $10.16, for a total transaction of $101,600.00.

Innovative Solutions and Support Stock Up 5.1 %

Shares of NASDAQ:ISSC traded up $0.57 during trading on Friday, hitting $11.67. 23,900 shares of the company were exchanged, compared to its average volume of 247,135. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02. The firm’s 50 day moving average price is $8.72 and its 200-day moving average price is $7.45. The stock has a market capitalization of $204.69 million, a P/E ratio of 28.82 and a beta of 1.00. Innovative Solutions and Support, Inc. has a 12-month low of $4.91 and a 12-month high of $11.50.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 EPS for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 5th.

Institutional Investors Weigh In On Innovative Solutions and Support

Hedge funds have recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. purchased a new position in Innovative Solutions and Support in the third quarter valued at about $466,000. Corsair Capital Management L.P. acquired a new position in Innovative Solutions and Support in the 3rd quarter valued at $155,000. James Investment Research Inc. purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at $68,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after buying an additional 9,888 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after buying an additional 8,760 shares during the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.