Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 89,414 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $12.50, for a total transaction of $1,117,675.00. Following the transaction, the insider now owns 1,951,241 shares of the company's stock, valued at $24,390,512.50. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major 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 stock was sold at an average price of $12.92, for a total value of $1,171,262.60.
- 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 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 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 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.
- 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.
Innovative Solutions and Support Price Performance
Shares of NASDAQ ISSC traded up $0.77 during mid-day trading on Friday, reaching $13.99. 403,972 shares of the company were exchanged, compared to its average volume of 131,162. Innovative Solutions and Support, Inc. has a 52 week low of $5.25 and a 52 week high of $14.39. The company's 50 day moving average price is $9.73 and its 200 day moving average price is $8.67. The stock has a market capitalization of $246.19 million, a PE ratio of 22.93 and a beta of 0.89. 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 (NASDAQ:ISSC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $15.37 million.
Wall Street Analyst Weigh In
ISSC has been the subject of a number of research analyst reports. Singular Research upgraded Innovative Solutions and Support to a "strong-buy" rating in a research report on Friday, May 16th. Wall Street Zen raised shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.
Read Our Latest Stock Analysis on ISSC
Hedge Funds Weigh In On Innovative Solutions and Support
A number of large investors have recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in Innovative Solutions and Support during the fourth quarter valued at approximately $389,000. Jane Street Group LLC bought a new stake in shares of Innovative Solutions and Support in the 4th quarter worth approximately $269,000. Mesirow Financial Investment Management Inc. boosted its stake in shares of Innovative Solutions and Support by 100.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company's stock valued at $1,024,000 after purchasing an additional 59,940 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Innovative Solutions and Support by 18.5% during the 4th quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company's stock valued at $4,105,000 after purchasing an additional 75,100 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Innovative Solutions and Support by 32.2% during the 4th quarter. Northern Trust Corp now owns 45,043 shares of the aerospace company's stock valued at $385,000 after purchasing an additional 10,961 shares during the last quarter. 28.53% of the stock is owned by hedge funds and other institutional investors.
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.
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