Insider Selling: Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells 5,116 Shares of Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 5,116 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $11.77, for a total transaction of $60,215.32. Following the completion of the sale, the insider now owns 2,111,615 shares in the company, valued at approximately $24,853,708.55. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 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 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 stock was 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 transaction 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 2.7%

ISSC traded up $0.33 during trading on Friday, reaching $12.64. The company had a trading volume of 297,211 shares, compared to its average volume of 121,477. The firm's 50-day simple moving average is $8.50 and its 200 day simple moving average is $8.37. The company has a market cap of $222.51 million, a price-to-earnings ratio of 33.26 and a beta of 0.89. Innovative Solutions and Support, Inc. has a 12-month low of $5.25 and a 12-month high of $12.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 5.22.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its earnings results 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. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%. The company had revenue of $21.94 million for the quarter, compared to analysts' expectations of $15.37 million.

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. purchased a new position in Innovative Solutions and Support during the 1st quarter valued at about $64,000. Schonfeld Strategic Advisors LLC purchased a new position in Innovative Solutions and Support during the 4th quarter valued at about $89,000. Arrowstreet Capital Limited Partnership purchased a new position in Innovative Solutions and Support during the 4th quarter valued at about $107,000. XTX Topco Ltd purchased a new position in Innovative Solutions and Support during the 4th quarter valued at about $119,000. Finally, Sterneck Capital Management LLC purchased a new position in Innovative Solutions and Support during the 1st quarter valued at about $112,000. Hedge funds and other institutional investors own 28.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ISSC shares. Wall Street Zen raised Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Singular Research raised 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.