Christopher Harborne Sells 69,599 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 69,599 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $11.21, for a total transaction of $780,204.79. Following the sale, the insider now owns 2,431,570 shares of the company’s stock, valued at $27,257,899.70. This represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, January 21st, Christopher Harborne sold 98,600 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $10.82, for a total transaction of $1,066,852.00.
• On Friday, January 17th, Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $10.16, for a total transaction of $101,600.00.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $11.14 on Friday. 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 twelve month low of $4.91 and a twelve month high of $11.50. The stock has a market cap of $195.40 million, a P/E ratio of 27.85 and a beta of 1.00. The firm’s fifty day simple moving average is $8.43 and its 200 day simple moving average is $7.30.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Barclays PLC bought a new stake in shares of Innovative Solutions and Support during the third quarter valued at approximately $32,000. Dimensional Fund Advisors LP lifted its position in Innovative Solutions and Support by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after buying an additional 8,760 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after buying an additional 9,888 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth about $68,000. Finally, Gabelli Funds LLC increased its stake in shares of Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 18,585 shares in the last quarter. Institutional investors own 28.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 5th.

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.