Christopher Harborne Acquires 20,711 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSCGet Rating) major shareholder Christopher Harborne purchased 20,711 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The stock was bought at an average price of $8.92 per share, for a total transaction of $184,742.12. Following the transaction, the insider now directly owns 2,205,116 shares of the company’s stock, valued at approximately $19,669,634.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 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 Monday, September 19th, Christopher Harborne bought 111,895 shares of Innovative Solutions and Support stock. The stock was acquired at an average price of $9.00 per share, for a total transaction of $1,007,055.00.
  • On Friday, September 16th, Christopher Harborne bought 20,712 shares of Innovative Solutions and Support stock. The stock was acquired at an average price of $8.41 per share, for a total transaction of $174,187.92.
  • On Wednesday, September 14th, Christopher Harborne bought 12,971 shares of Innovative Solutions and Support stock. The stock was acquired at an average price of $8.10 per share, for a total transaction of $105,065.10.
  • On Thursday, September 8th, Christopher Harborne bought 45,932 shares of Innovative Solutions and Support stock. The stock was acquired at an average price of $8.83 per share, for a total transaction of $405,579.56.

Innovative Solutions and Support Stock Performance

Shares of NASDAQ ISSC traded down $0.07 during midday trading on Friday, reaching $8.94. The stock had a trading volume of 3,337 shares, compared to its average volume of 122,879. Innovative Solutions and Support, Inc. has a twelve month low of $5.77 and a twelve month high of $9.90. The company’s 50 day moving average price is $7.14 and its 200 day moving average price is $7.59. The firm has a market cap of $154.39 million, a price-to-earnings ratio of 28.16 and a beta of 1.05.

Institutional Investors Weigh In On Innovative Solutions and Support

Several large investors have recently modified their holdings of ISSC. Tower Bridge Advisors acquired a new stake in Innovative Solutions and Support in the first quarter worth $81,000. Financial Advisors LLC acquired a new stake in Innovative Solutions and Support in the first quarter worth $82,000. O Shaughnessy Asset Management LLC grew its holdings in Innovative Solutions and Support by 21.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 12,430 shares of the aerospace company’s stock worth $89,000 after purchasing an additional 2,167 shares during the period. UBS Group AG grew its holdings in Innovative Solutions and Support by 8.2% in the first quarter. UBS Group AG now owns 15,561 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 1,177 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Innovative Solutions and Support by 85.6% in the second quarter. Millennium Management LLC now owns 18,580 shares of the aerospace company’s stock valued at $134,000 after buying an additional 8,568 shares in the last quarter. 23.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 1st.

Innovative Solutions and Support Company Profile

(Get Rating)

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottle, 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 management systems that complement the flat panel display system upgrade for commercial air transport aircraft.

Further Reading

Insider Buying and Selling by Quarter for Innovative Solutions and Support (NASDAQ:ISSC)

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