Christopher Harborne Sells 145,009 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 145,009 shares of the business'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 transaction, the insider owned 1,583,411 shares of the company's stock, valued at approximately $21,676,896.59. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 stock was 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 stock was 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 shares were sold at an average price of $12.25, for a total transaction of $391,424.25.
• On Wednesday, June 18th, Christopher Harborne sold 17,198 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $12.28, for a total transaction of $211,191.44.
• On Tuesday, June 17th, Christopher Harborne sold 21,809 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $12.77, for a total transaction of $278,500.93.
• 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 transaction of $60,215.32.
• On Tuesday, June 10th, Christopher Harborne sold 438 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.75, for a total transaction 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.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC traded down $0.64 during trading hours on Friday, reaching $13.91. 328,279 shares of the company's stock were exchanged, compared to its average volume of 137,727. The firm has a market capitalization of $244.73 million, a price-to-earnings ratio of 22.80 and a beta of 0.94. The company has a 50-day moving average of $10.65 and a 200 day moving average of $8.93. The company has a quick ratio of 2.66, a current ratio of 4.87 and a debt-to-equity ratio of 0.51. Innovative Solutions and Support, Inc. has a 1-year low of $5.25 and a 1-year high of $14.72.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last announced its earnings results on Wednesday, May 14th. The aerospace company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.18. Innovative Solutions and Support had a net margin of 16.61% and a return on equity of 24.37%. The business had revenue of $21.94 million during the quarter, compared to analysts' expectations of $15.37 million.

Analysts Set New Price Targets

A number of analysts recently issued reports on ISSC shares. Wall Street Zen raised Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Singular Research raised Innovative Solutions and Support to a "strong-buy" rating in a report on Friday, May 16th.

Hedge Funds Weigh In On Innovative Solutions and Support

Several institutional investors have recently added to or reduced their stakes in ISSC. American Century Companies Inc. purchased a new position in shares of Innovative Solutions and Support in the 1st quarter valued at approximately $64,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Innovative Solutions and Support during the fourth quarter worth approximately $89,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Innovative Solutions and Support during the fourth quarter worth $107,000. Sterneck Capital Management LLC purchased a new position in Innovative Solutions and Support in the 1st quarter valued at $112,000. Finally, XTX Topco Ltd acquired a new position in Innovative Solutions and Support in the 4th quarter valued at $119,000. Institutional investors and hedge funds 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.