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 dated Thursday, January 30th. The shares were sold at an average price of $11.17, for a total transaction of $79,150.62. Following the transaction, the insider now owns 2,417,771 shares of the company’s stock, valued at approximately $27,006,502.07. The trade was a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock 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 transaction 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 value of $101,600.00.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC opened at $11.67 on Friday. The firm has a market capitalization of $204.69 million, a PE ratio of 29.18 and a beta of 1.00. The company has a quick ratio of 3.02, a current ratio of 4.77 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $8.80 and a two-hundred day moving average price of $7.49. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $12.17.

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

Institutional Trading of Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC bought a new position in Innovative Solutions and Support in the 3rd quarter worth about $32,000. Dimensional Fund Advisors LP boosted its position in shares of Innovative Solutions and Support by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 8,760 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Innovative Solutions and Support by 29.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after acquiring an additional 9,888 shares in the last quarter. James Investment Research Inc. bought a new stake in Innovative Solutions and Support during the 3rd quarter worth approximately $68,000. Finally, Corsair Capital Management L.P. purchased a new stake in Innovative Solutions and Support in the 3rd quarter worth approximately $155,000. 28.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.