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Christopher Harborne Sells 59,667 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support logo with Aerospace background

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 59,667 shares of the business'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 sale, the insider directly owned 1,800,919 shares in the company, valued at $23,790,139.99. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more 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 stock was sold at an average price of $12.92, for a total transaction 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 transaction 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 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 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 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 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 shares were sold at an average price of $11.79, for a total value of $140,819.76.

Innovative Solutions and Support Price Performance

ISSC stock traded down $0.07 during midday trading on Monday, reaching $13.88. 478,399 shares of the company's stock traded hands, compared to its average volume of 133,482. The company has a 50-day simple moving average of $9.89 and a two-hundred day simple moving average of $8.73. 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 $14.48. The company has a market cap of $244.29 million, a price-to-earnings ratio of 22.75 and a beta of 0.88.

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, topping the consensus estimate of $0.12 by $0.18. The company had revenue of $21.94 million for 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

A number of institutional investors have recently modified their holdings of the stock. Isthmus Partners LLC grew its stake in shares of Innovative Solutions and Support by 0.8% during the first quarter. Isthmus Partners LLC now owns 192,048 shares of the aerospace company's stock valued at $1,208,000 after purchasing an additional 1,588 shares during the last quarter. NewEdge Advisors LLC boosted its position in Innovative Solutions and Support by 7.5% in the 4th quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company's stock valued at $209,000 after buying an additional 1,709 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Innovative Solutions and Support by 4.0% in the 1st quarter. HighTower Advisors LLC now owns 48,987 shares of the aerospace company's stock valued at $308,000 after buying an additional 1,880 shares during the period. Geode Capital Management LLC raised its position in shares of Innovative Solutions and Support by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 125,592 shares of the aerospace company's stock worth $1,073,000 after acquiring an additional 3,835 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Innovative Solutions and Support by 9.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,618 shares of the aerospace company's stock valued at $287,000 after acquiring an additional 4,038 shares during the period. 28.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ISSC shares. Wall Street Zen upgraded shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Singular Research raised shares of Innovative Solutions and Support to a "strong-buy" rating in a report on Friday, May 16th.

View Our Latest Research Report on Innovative Solutions and Support

About Innovative Solutions and Support

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Innovative Solutions and Support (NASDAQ:ISSC)

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