Christopher Harborne Sells 145,009 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 145,009 shares of the company’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $13.69, for a total transaction of $1,985,173.21. Following the completion of the sale, the insider owned 1,583,411 shares of the company’s stock, valued at approximately $21,676,896.59. The trade was a 8.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 Friday, June 27th, Christopher Harborne sold 72,499 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $13.68, for a total transaction of $991,786.32.
• On Thursday, June 26th, Christopher Harborne sold 59,667 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $13.21, for a total value of $788,201.07.
• On Wednesday, June 25th, Christopher Harborne sold 90,655 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $12.92, for a total value of $1,171,262.60.
• On Monday, June 23rd, Christopher Harborne sold 89,414 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $12.50, for a total value of $1,117,675.00.
• On Friday, June 20th, Christopher Harborne sold 31,953 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $12.25, for a total value of $391,424.25.
• On Wednesday, June 18th, Christopher Harborne sold 17,198 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $12.28, for a total value of $211,191.44.
• On Tuesday, June 17th, Christopher Harborne sold 21,809 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $12.77, for a total value of $278,500.93.
• On Wednesday, June 11th, Christopher Harborne sold 5,116 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.77, for a total value of $60,215.32.
• On Tuesday, June 10th, Christopher Harborne sold 438 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.75, for a total value of $5,146.50.
• On Monday, June 9th, Christopher Harborne sold 63,592 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.78, for a total value of $749,113.76.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock opened at $14.54 on Thursday. The firm has a market capitalization of $255.90 million, a P/E ratio of 23.84 and a beta of 0.94. Innovative Solutions and Support, Inc. has a one year low of $5.25 and a one year high of $14.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.87 and a quick ratio of 2.66. The business has a fifty day moving average price of $10.36 and a 200-day moving average price of $8.85.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings data on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.18. The business had revenue of $21.94 million for the quarter, compared to analysts’ expectations of $15.37 million. Innovative Solutions and Support had a return on equity of 24.37% and a net margin of 16.61%.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of large investors have recently modified their holdings of the company. American Century Companies Inc. bought a new stake in Innovative Solutions and Support during the 1st quarter worth approximately $64,000. Schonfeld Strategic Advisors LLC bought a new position in Innovative Solutions and Support in the 4th quarter valued at $89,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Innovative Solutions and Support during the 4th quarter valued at $107,000. XTX Topco Ltd bought a new position in shares of Innovative Solutions and Support in the fourth quarter worth $119,000. Finally, Sterneck Capital Management LLC purchased a new stake in shares of Innovative Solutions and Support in the first quarter worth $112,000. 28.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st. Singular Research raised shares of Innovative Solutions and Support to a “strong-buy” rating in a report on Friday, May 16th.

About Innovative Solutions and Support

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.