Insider Selling: Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells 10,000 Shares of Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 10,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $10.16, for a total value of $101,600.00. Following the completion of the transaction, the insider now owns 2,599,769 shares of the company’s stock, valued at $26,413,653.04. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal 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 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.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC traded down $0.16 on Wednesday, reaching $10.65. The company’s stock had a trading volume of 360,067 shares, compared to its average volume of 263,985. The company has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $7.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.02 and a current ratio of 4.77. Innovative Solutions and Support, Inc. has a 52-week low of $4.91 and a 52-week high of $11.29. The company has a market cap of $186.80 million, a P/E ratio of 26.63 and a beta of 1.00.

Innovative Solutions and Support (NASDAQ:ISSC) last issued 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 return on equity of 18.32% and a net margin of 14.83%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Innovative Solutions and Support

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $32,000. Dimensional Fund Advisors LP grew 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 valued at $2,509,000 after acquiring an additional 8,760 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position 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. acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $68,000. Finally, Gabelli Funds LLC lifted its position in shares of 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 valued at $376,000 after acquiring an additional 18,585 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.