Christopher Harborne Sells 35,437 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 35,437 shares of Innovative Solutions and Support stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $11.76, for a total value of $416,739.12. Following the completion of the transaction, the insider now owns 2,180,761 shares in the company, valued at approximately $25,645,749.36. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Wednesday, June 11th, Christopher Harborne sold 5,116 shares of Innovative Solutions and Support stock. The stock was 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 stock was sold at an average price of $11.78, for a total value of $749,113.76.
• On Thursday, June 5th, Christopher Harborne sold 11,944 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.79, for a total value of $140,819.76.
• On Wednesday, June 4th, Christopher Harborne sold 43,997 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.67, for a total value of $513,444.99.
• On Tuesday, June 3rd, Christopher Harborne sold 6,766 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.50, for a total value of $77,809.00.
• On Monday, June 2nd, Christopher Harborne sold 17,740 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.51, for a total value of $204,187.40.

Innovative Solutions and Support Trading Up 2.2%

Shares of NASDAQ ISSC traded up $0.26 during trading hours on Thursday, hitting $12.31. The company's stock had a trading volume of 244,785 shares, compared to its average volume of 120,315. The business has a 50-day simple moving average of $8.22 and a 200-day simple moving average of $8.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 5.22. The stock has a market cap of $216.71 million, a price-to-earnings ratio of 32.40 and a beta of 0.88. Innovative Solutions and Support, Inc. has a 12 month low of $5.25 and a 12 month high of $12.38.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share for the quarter, beating the consensus estimate 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 16.80% and a net margin of 12.40%.

Institutional Trading of Innovative Solutions and Support

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

Analyst Ratings Changes

ISSC has been the topic of several recent analyst reports. Singular Research raised Innovative Solutions and Support to a "strong-buy" rating in a research note on Friday, May 16th. Wall Street Zen raised Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

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.