Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells $788,201.07 in Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 59,667 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $13.21, for a total value of $788,201.07. Following the transaction, the insider now directly owns 1,800,919 shares in the company, valued at approximately $23,790,139.99. This represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, June 25th, Christopher Harborne sold 90,655 shares of Innovative Solutions and Support stock. The shares were 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 shares were 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 value of $391,424.25.
• On Wednesday, June 18th, Christopher Harborne sold 17,198 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $12.28, for a total value 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 value 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 shares were 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 shares were sold at an average price of $11.78, for a total value 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 value 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.

Innovative Solutions and Support Trading Up 5.5%

Innovative Solutions and Support stock traded up $0.73 during mid-day trading on Friday, hitting $13.95. 466,745 shares of the company's stock were exchanged, compared to its average volume of 131,609. The firm has a market capitalization of $245.52 million, a P/E ratio of 22.87 and a beta of 0.89. Innovative Solutions and Support, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $14.39. The company has a quick ratio of 2.66, a current ratio of 4.87 and a debt-to-equity ratio of 0.51. The company's 50 day simple moving average is $9.89 and its 200-day simple moving average is $8.72.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.18. The firm had revenue of $21.94 million during the quarter, compared to analysts' expectations of $15.37 million. Innovative Solutions and Support had a return on equity of 24.37% and a net margin of 16.61%.

Hedge Funds Weigh In On Innovative Solutions and Support

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new position in Innovative Solutions and Support during the 1st quarter worth about $64,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Innovative Solutions and Support in the 4th quarter valued at about $89,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Innovative Solutions and Support in the 4th quarter valued at about $107,000. Sterneck Capital Management LLC bought a new position in shares of Innovative Solutions and Support in the 1st quarter valued at about $112,000. Finally, XTX Topco Ltd bought a new position in Innovative Solutions and Support during the fourth quarter worth about $119,000. Institutional investors own 28.53% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on ISSC shares. 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.

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.

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