Christopher Harborne Sells 98,600 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) 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 transaction of $1,066,852.00. Following the transaction, the insider now owns 2,501,169 shares of the company’s stock, valued at approximately $27,062,648.58. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 stock was sold at an average price of $10.16, for a total transaction of $101,600.00.

Innovative Solutions and Support Stock Performance

Shares of ISSC opened at $10.65 on Thursday. The company has a 50-day moving average of $8.23 and a two-hundred day moving average of $7.21. The stock has a market cap of $186.80 million, a price-to-earnings ratio of 26.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02. Innovative Solutions and Support, Inc. has a one year low of $4.91 and a one year high of $11.29.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, December 19th. The aerospace company reported $0.21 earnings per share 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

Large investors have recently bought and sold shares of the business. Barclays PLC purchased a new position in Innovative Solutions and Support during the 3rd quarter valued at about $32,000. James Investment Research Inc. purchased a new position in Innovative Solutions and Support during the third quarter valued at approximately $68,000. Corsair Capital Management L.P. acquired a new position in Innovative Solutions and Support in the 3rd quarter valued at approximately $155,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after buying an additional 9,888 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Innovative Solutions and Support by 42.2% during the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after buying an additional 18,585 shares during the period. 28.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research note 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.