Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Christopher Harborne Sells 63,368 Shares

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 63,368 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $11.21, for a total value of $710,355.28. Following the sale, the insider now directly owns 2,311,615 shares in the company, valued at $25,913,204.15. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Christopher Harborne also recently made the following trade(s):

• 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 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 stock was sold at an average price of $10.16, for a total transaction of $101,600.00.

Innovative Solutions and Support Stock Up 4.7 %

NASDAQ:ISSC opened at $11.91 on Thursday. The company has a market cap of $208.89 million, a price-to-earnings ratio of 29.78 and a beta of 1.03. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $12.17. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $8.94 and a 200-day simple moving average of $7.61.

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 downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Monday.

Institutional Trading of Innovative Solutions and Support

A number of large investors have recently modified their holdings of the company. Barclays PLC bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $32,000. James Investment Research Inc. bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $68,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $155,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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. bought a new position in Innovative Solutions and Support during the 3rd quarter worth about $466,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

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.