Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells $710,355.28 in Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 63,368 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $11.21, for a total transaction of $710,355.28. Following the sale, the insider now directly owns 2,311,615 shares in the company, valued at approximately $25,913,204.15. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, February 6th, Christopher Harborne sold 14,970 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.59, for a total value of $173,502.30.
• On Thursday, January 30th, Christopher Harborne sold 7,086 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.17, for a total transaction of $79,150.62.
• On Thursday, January 23rd, Christopher Harborne sold 69,599 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.21, for a total transaction of $780,204.79.
• 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 Down 2.1 %

NASDAQ ISSC traded down $0.24 on Friday, reaching $11.03. 119,157 shares of the stock traded hands, compared to its average volume of 267,534. Innovative Solutions and Support, Inc. has a 12 month low of $4.91 and a 12 month high of $12.17. The company has a market cap of $193.46 million, a price-to-earnings ratio of 27.58 and a beta of 1.03. The company has a fifty day moving average price of $9.16 and a 200-day moving average price of $7.71. 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 (NASDAQ:ISSC - Get Free Report) last released 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 return on equity of 18.32% and a net margin of 14.83%.

Institutional Investors Weigh In On Innovative Solutions and Support

Several hedge funds have recently modified their holdings of the business. Barclays PLC bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $32,000. Pekin Hardy Strauss Inc. bought a new position in Innovative Solutions and Support in the third quarter worth about $466,000. James Investment Research Inc. purchased a new stake in shares of Innovative Solutions and Support during the third quarter valued at about $68,000. Dimensional Fund Advisors LP lifted its position in shares of 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 valued at $287,000 after buying an additional 9,888 shares in the last quarter. Hedge funds and other institutional investors own 28.53% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Innovative Solutions and Support from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd.

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.