Christopher Harborne Sells 7,086 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 7,086 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $11.17, for a total value of $79,150.62. Following the transaction, the insider now directly owns 2,417,771 shares in the company, valued at $27,006,502.07. The trade was a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% 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 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 stock was sold at an average price of $10.82, for a total value of $1,066,852.00.
• On Friday, January 17th, Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $10.16, for a total value of $101,600.00.

Innovative Solutions and Support Stock Down 0.4 %

Shares of ISSC traded down $0.05 during trading hours on Tuesday, reaching $11.37. 227,858 shares of the stock traded hands, compared to its average volume of 267,199. Innovative Solutions and Support, Inc. has a 52 week low of $4.91 and a 52 week high of $12.17. The company has a market cap of $199.43 million, a price-to-earnings ratio of 28.43 and a beta of 1.03. The stock has a fifty day simple moving average of $8.87 and a 200 day simple moving average of $7.56. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted 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%.

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently made changes to their positions in the business. Barclays PLC purchased a new stake in Innovative Solutions and Support during the third quarter worth about $32,000. James Investment Research Inc. purchased a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $68,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth approximately $155,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Innovative Solutions and Support by 29.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company's stock valued at $287,000 after purchasing an additional 9,888 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new position in Innovative Solutions and Support in the third quarter valued at approximately $466,000. 28.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Innovative Solutions and Support Company Profile

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.