Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Christopher Harborne Purchases 20,712 Shares

Innovative Solutions and Support, Inc. (NASDAQ:ISSCGet Rating) major shareholder Christopher Harborne bought 20,712 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average cost of $8.41 per share, for a total transaction of $174,187.92. Following the transaction, the insider now owns 2,062,755 shares in the company, valued at approximately $17,347,769.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 purchased at an average cost of $9.00 per share, for a total transaction of $1,007,055.00.
  • On Wednesday, September 14th, Christopher Harborne purchased 12,971 shares of Innovative Solutions and Support stock. The shares were bought at an average cost of $8.10 per share, for a total transaction of $105,065.10.
  • On Thursday, September 8th, Christopher Harborne purchased 45,932 shares of Innovative Solutions and Support stock. The shares were bought at an average cost of $8.83 per share, for a total transaction of $405,579.56.

Innovative Solutions and Support Stock Performance

ISSC stock opened at $9.00 on Wednesday. The firm has a market capitalization of $155.43 million, a PE ratio of 28.13 and a beta of 1.05. Innovative Solutions and Support, Inc. has a 1-year low of $5.77 and a 1-year high of $9.90. The business’s 50 day simple moving average is $6.99 and its 200 day simple moving average is $7.57.

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 report on Thursday, September 1st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tower Bridge Advisors bought a new stake in Innovative Solutions and Support in the 1st quarter valued at $81,000. Financial Advisors LLC bought a new stake in Innovative Solutions and Support in the 1st quarter valued at $82,000. O Shaughnessy Asset Management LLC boosted its stake in Innovative Solutions and Support by 21.1% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 12,430 shares of the aerospace company’s stock valued at $89,000 after purchasing an additional 2,167 shares during the period. UBS Group AG boosted its stake in Innovative Solutions and Support by 8.2% in the 1st quarter. UBS Group AG now owns 15,561 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 1,177 shares during the period. Finally, Millennium Management LLC boosted its stake in Innovative Solutions and Support by 85.6% in the 2nd quarter. Millennium Management LLC now owns 18,580 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 8,568 shares during the period. 23.96% of the stock is owned by institutional investors and hedge funds.

About Innovative Solutions and Support

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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.

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