Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 69,599 shares of Innovative Solutions and Support stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $11.21, for a total transaction of $780,204.79. Following the transaction, the insider now directly owns 2,431,570 shares in the company, valued at approximately $27,257,899.70. This represents a 2.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's stock 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.
- 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 value of $101,600.00.
Innovative Solutions and Support Stock Down 0.9 %
NASDAQ ISSC traded down $0.10 during mid-day trading on Friday, reaching $11.14. The stock had a trading volume of 268,692 shares, compared to its average volume of 237,074. The stock has a market cap of $195.40 million, a PE ratio of 27.85 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 1 year low of $4.91 and a 1 year high of $11.50. The company has a fifty day moving average price of $8.43 and a 200 day moving average price of $7.30.
Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its earnings results 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%.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Innovative Solutions and Support from a "strong-buy" rating to a "buy" rating in a report on Sunday, January 5th.
Check Out Our Latest Stock Analysis on Innovative Solutions and Support
Hedge Funds Weigh In On Innovative Solutions and Support
Several institutional investors have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. acquired a new position in Innovative Solutions and Support in the 3rd quarter valued at $466,000. Corsair Capital Management L.P. acquired a new position in Innovative Solutions and Support during the 3rd quarter worth about $155,000. Gabelli Funds LLC lifted its stake in 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 worth $376,000 after acquiring an additional 18,585 shares in the last quarter. James Investment Research Inc. purchased a new position in Innovative Solutions and Support during the 3rd quarter valued at about $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew 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 valued at $287,000 after acquiring an additional 9,888 shares in the last quarter. 28.53% of the stock is owned by hedge funds and other institutional investors.
About Innovative Solutions and Support
(
Get Free Report)
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.
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