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 Innovative Solutions and Support stock in a transaction that occurred 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 sale, the insider now owns 2,296,645 shares of the company’s stock, valued at $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 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 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 shares were 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 stock was sold at an average price of $10.16, for a total transaction of $101,600.00.

Innovative Solutions and Support Stock Down 2.1 %

ISSC stock opened at $11.03 on Friday. The company’s 50 day moving average price is $9.10 and its 200 day moving average price is $7.66. The firm has a market capitalization of $193.47 million, a price-to-earnings ratio of 27.58 and a beta of 1.03. Innovative Solutions and Support, Inc. has a fifty-two week low of $4.91 and a fifty-two week high of $12.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.02 and a current ratio of 4.77.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ISSC. Barclays PLC acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth about $32,000. James Investment Research Inc. purchased a new position in Innovative Solutions and Support in the third quarter valued at approximately $68,000. Corsair Capital Management L.P. acquired a new stake in Innovative Solutions and Support during the third quarter worth approximately $155,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 buying an additional 9,888 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at $466,000. 28.53% of the stock is owned by institutional investors and hedge funds.

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.