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 dated Friday, January 17th. The shares were sold at an average price of $10.16, for a total value of $101,600.00. Following the completion of the sale, the insider now directly owns 2,599,769 shares of the company’s stock, valued at approximately $26,413,653.04. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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 stock was 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 Innovative Solutions and Support stock opened at $10.65 on Thursday. The business has a 50 day moving average of $8.23 and a 200 day moving average of $7.21. 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 PE ratio of 26.63 and a beta of 1.00. The company has a quick ratio of 3.02, a current ratio of 4.77 and a debt-to-equity ratio of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC bought a new stake in shares of Innovative Solutions and Support during the third quarter valued at approximately $32,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $466,000. Gabelli Funds LLC grew its position in shares of Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after buying an additional 18,585 shares during the period. James Investment Research Inc. bought a new position in shares of Innovative Solutions and Support in the 3rd quarter worth about $68,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after acquiring an additional 8,760 shares in the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

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 report 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.