Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells $173,502.30 in Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 14,970 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $11.59, for a total transaction of $173,502.30. Following the completion of the transaction, the insider now owns 2,296,645 shares in the company, valued at approximately $26,618,115.55. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 Tuesday, February 4th, Christopher Harborne sold 63,368 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.21, for a total value of $710,355.28.
• On Thursday, January 30th, Christopher Harborne sold 7,086 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.17, for a total value of $79,150.62.
• On Thursday, January 23rd, Christopher Harborne sold 69,599 shares of Innovative Solutions and Support stock. The shares were 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 Performance

Shares of Innovative Solutions and Support stock opened at $11.03 on Monday. The business has a 50-day simple moving average of $9.16 and a 200 day simple moving average of $7.71. Innovative Solutions and Support, Inc. has a one year low of $4.91 and a one year high of $12.17. 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 has a market capitalization of $193.46 million, a price-to-earnings ratio of 27.58 and a beta of 1.03.

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 return on equity of 18.32% and a net margin of 14.83%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ISSC. Barclays PLC acquired a new position in shares of Innovative Solutions and Support during the third quarter valued at about $32,000. James Investment Research Inc. bought a new position in Innovative Solutions and Support in the 3rd quarter valued at about $68,000. Corsair Capital Management L.P. acquired a new position in Innovative Solutions and Support during the 3rd quarter valued at about $155,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after purchasing an additional 9,888 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Innovative Solutions and Support in the third quarter worth approximately $466,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

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.