Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Christopher Harborne Sells 14,970 Shares

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 14,970 shares of the stock in a transaction dated 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 sale, the insider now owns 2,296,645 shares of the company’s stock, valued at approximately $26,618,115.55. This trade represents a 0.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 shares were 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 value of $1,066,852.00.
• On Friday, January 17th, Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $10.16, for a total transaction of $101,600.00.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock opened at $11.03 on Monday. The business’s 50 day simple moving average is $9.16 and its 200 day simple moving average is $7.71. Innovative Solutions and Support, Inc. has a 12 month low of $4.91 and a 12 month high of $12.17. The company has a market cap of $193.46 million, a price-to-earnings ratio of 27.58 and a beta of 1.03. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60.

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

Hedge Funds Weigh In On Innovative Solutions and Support

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

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report 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.