Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Christopher Harborne Sells 98,600 Shares of Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 98,600 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total value of $1,066,852.00. Following the sale, the insider now owns 2,501,169 shares of the company’s stock, valued at $27,062,648.58. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Friday, January 17th, Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $10.16, for a total value of $101,600.00.

Innovative Solutions and Support Trading Down 1.5 %

NASDAQ:ISSC opened at $10.65 on Thursday. The company has a market cap of $186.80 million, a PE ratio of 26.63 and a beta of 1.00. The business’s 50 day moving average is $8.23 and its two-hundred day moving average is $7.21. The company has a quick ratio of 3.02, a current ratio of 4.77 and a debt-to-equity ratio of 0.60. Innovative Solutions and Support, Inc. has a 52 week low of $4.91 and a 52 week high of $11.29.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Thursday, December 19th. The aerospace company reported $0.21 EPS for the quarter. Innovative Solutions and Support had a net margin of 14.83% and a return on equity of 18.32%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 5th.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently bought and sold shares of ISSC. Barclays PLC bought a new position in Innovative Solutions and Support during the 3rd quarter worth $32,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Innovative Solutions and Support during the third quarter valued at about $466,000. Gabelli Funds LLC lifted its holdings in Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 18,585 shares during the period. James Investment Research Inc. bought a new position in Innovative Solutions and Support in the 3rd quarter valued at about $68,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after buying an additional 8,760 shares in the last quarter. 28.53% of the stock is currently owned by institutional investors and hedge funds.

About Innovative Solutions and Support

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.