Insider Selling: Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells 17,198 Shares of Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 17,198 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were 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 in the company, valued at approximately $25,451,626.24. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 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 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 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 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 transaction of $749,113.76.
• On Friday, June 6th, Christopher Harborne sold 35,437 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.76, for a total transaction of $416,739.12.
• 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 shares were sold at an average price of $11.67, for a total transaction 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 transaction of $204,187.40.

Innovative Solutions and Support Stock Down 0.1%

Shares of ISSC traded down $0.01 during trading hours on Friday, hitting $12.34. The company had a trading volume of 155,365 shares, compared to its average volume of 125,431. The stock has a market capitalization of $217.18 million, a price-to-earnings ratio of 20.23 and a beta of 0.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.66 and a current ratio of 4.87. Innovative Solutions and Support, Inc. has a 52-week low of $5.25 and a 52-week high of $13.40. The firm has a fifty day moving average price of $9.17 and a 200-day moving average price of $8.53.

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

Institutional Trading of Innovative Solutions and Support

A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. bought a new stake in shares of Innovative Solutions and Support during the 1st quarter valued at about $64,000. Schonfeld Strategic Advisors LLC purchased a new stake in Innovative Solutions and Support in the fourth quarter worth about $89,000. Arrowstreet Capital Limited Partnership purchased a new stake in Innovative Solutions and Support in the fourth quarter worth about $107,000. XTX Topco Ltd bought a new position in shares of Innovative Solutions and Support in the fourth quarter worth about $119,000. Finally, Sterneck Capital Management LLC bought a new stake in Innovative Solutions and Support during the 1st quarter worth approximately $112,000. Hedge funds and other institutional investors own 28.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have 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 shares of Innovative Solutions and Support to a "strong-buy" rating in a research report 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.