Christopher Harborne Sells 17,198 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 17,198 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $12.28, for a total value of $211,191.44. Following the completion of the sale, the insider now directly owns 2,072,608 shares of the company's stock, valued at $25,451,626.24. This represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 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 shares were 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 stock was 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 shares were sold at an average price of $11.78, for a total transaction of $749,113.76.
• On Friday, June 6th, Christopher Harborne sold 35,437 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.76, for a total value of $416,739.12.
• On Thursday, June 5th, Christopher Harborne sold 11,944 shares of Innovative Solutions and Support stock. The shares were 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 shares were 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 transaction of $204,187.40.

Innovative Solutions and Support Stock Performance

Shares of NASDAQ ISSC traded up $0.31 during trading hours on Monday, reaching $12.65. The stock had a trading volume of 296,802 shares, compared to its average volume of 126,116. The company has a market cap of $222.64 million, a price-to-earnings ratio of 20.74 and a beta of 0.88. Innovative Solutions and Support, Inc. has a twelve month low of $5.25 and a twelve month high of $13.40. The business's fifty day moving average is $9.17 and its two-hundred day moving average is $8.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.87 and a quick ratio of 2.66.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in Innovative Solutions and Support by 53.5% in the 1st quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company's stock valued at $303,000 after buying an additional 16,808 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in shares of Innovative Solutions and Support by 68.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 210,000 shares of the aerospace company's stock valued at $1,321,000 after acquiring an additional 85,000 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Innovative Solutions and Support in the 1st quarter valued at $523,000. Teton Advisors Inc. grew its holdings in shares of Innovative Solutions and Support by 48.9% in the 1st quarter. Teton Advisors Inc. now owns 137,000 shares of the aerospace company's stock worth $862,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Innovative Solutions and Support by 39.0% during the 1st quarter. Gabelli Funds LLC now owns 87,000 shares of the aerospace company's stock worth $547,000 after purchasing an additional 24,415 shares in the last quarter. Institutional investors own 28.53% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ISSC. 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 upgraded Innovative Solutions and Support to a "strong-buy" rating in a research note on Friday, May 16th.

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.