IANasdaqServices-Computer Programming ServicesFiscal year ends September 30
INNOVATIVE SOLUTIONS & SUPPORT INC
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$19.90+0.55 (+2.84%)
Close on Oct 19, 2026
- Market cap
- $363.58M
- P/E (TTM)
- 19.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
57.2%
10M of 18M shares
Institutional holders
120
36 new, 38 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Christopher Scott Ginieczki, as Personal Representative of the Estate of Geoffrey S. M. Hedrick | 894,621 | 5.11% | 13D (active) amendment | Aug 16, 2024 |
| Klear Kite LLC | 2,424,857 | 13.80% | 13D (active) amendment | Jan 23, 2025 |
| BlackRock, Inc. | 1,043,570 | 5.80% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of IA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,066,911 | 5.96% | $19.20M | +779,333 | 0.00% |
| Marshall Wace, Llp | 691,799 | 3.86% | $12.45M | −61,578 | 0.01% |
| Vanguard Capital Management LLC | 629,425 | 3.52% | $11.33M | +3,650 | 0.00% |
| Punch & Associates Investment Management, Inc. | 569,963 | 3.18% | $10.26M | +51,345 | 0.51% |
| Morgan Stanley | 503,365 | 2.81% | $9.06M | −99,882 | 0.00% |
| Renaissance Technologies LLC | 490,155 | 2.74% | $8.82M | +187,262 | 0.01% |
| Dimensional Fund Advisors LP | 411,427 | 2.30% | $7.41M | +43,160 | 0.00% |
| Geode Capital Management, LLC | 354,083 | 1.98% | $6.37M | +208,027 | 0.00% |
| Citadel Advisors LLC | 299,281 | 1.67% | $5.39M | +193,102 | 0.00% |
| CenterBook Partners LP | 264,954 | 1.48% | $4.77M | New | 0.23% |
| Roubaix Capital, LLC | 264,509 | 1.48% | $4.76M | New | 1.71% |
| Qube Research & Technologies Ltd | 261,417 | 1.46% | $4.71M | +49,280 | 0.00% |
| Gabelli Funds LLC | 221,219 | 1.24% | $3.98M | +103,449 | 0.03% |
| WealthTrust Axiom LLC | 220,268 | 1.23% | $3.96M | +13,936 | 0.89% |
| State Street Corp | 189,261 | 1.06% | $3.41M | +130,668 | 0.00% |
| Hennion & Walsh Asset Management, Inc. | 186,853 | 1.04% | $3.36M | +43,553 | 0.10% |
| Connor, Clark & Lunn Investment Management Ltd. | 168,061 | 0.94% | $3.03M | −2,792 | 0.01% |
| Isthmus Partners, LLC | 166,991 | 0.93% | $3.01M | +1,818 | 0.29% |
| Man Group plc | 142,100 | 0.79% | $2.56M | +61,511 | 0.00% |
| Bank of New York Mellon Corp | 140,640 | 0.79% | $2.53M | +84,869 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 120 | 10M | 57.2% | 36 / 43 | 34 / 38 | 3M | 3M |
| Q1 2026 | 123 | 10M | 53.9% | 49 / 33 | 32 / 10 | 3M | 2M |
| Q4 2025 | 87 | 9M | 48.6% | 22 / 32 | 21 / 21 | 2M | 1M |
| Q3 2025 | 91 | 7M | 41.1% | 34 / 29 | 18 / 13 | 2M | 1M |
| Q2 2025 | 71 | 6M | 34.8% | 21 / 25 | 16 / 8 | 1M | 1M |
| Q1 2025 | 58 | 6M | 32.5% | 11 / 26 | 12 / 7 | 1M | 1M |
| Q4 2024 | 54 | 5M | 29.0% | 14 / 22 | 9 / 3 | 1M | 0M |
| Q3 2024 | 43 | 4M | 22.5% | 8 / 6 | 15 / 3 | 1M | 0M |
| Q2 2024 | 39 | 4M | 22.1% | 2 / 10 | 18 / 7 | 0M | 1M |
| Q1 2024 | 44 | 4M | 24.9% | 9 / 13 | 13 / 4 | 1M | 0M |
| Q4 2023 | 40 | 4M | 22.6% | 9 / 12 | 10 / 4 | 0M | 0M |
| Q3 2023 | 35 | 4M | 20.8% | 7 / 8 | 11 / 4 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of IA | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 470,996 | 2.63% | $8.48M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 370,902 | 2.07% | $6.68M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 161,968 | 0.90% | $2.96M | 0.01% | Jul 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 146,227 | 0.82% | $2.52M | 0.01% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 139,444 | 0.78% | $2.51M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 139,173 | 0.78% | $2.51M | 0.02% | Jun 30, 2026 |
| North Square Dynamic Small Cap Fund | 137,161 | 0.77% | $2.36M | 0.30% | May 31, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 125,000 | 0.70% | $2.25M | 0.05% | Jun 30, 2026 |
| TETON Westwood Mighty Mites Fund | 116,000 | 0.65% | $2.09M | 0.97% | Jun 30, 2026 |
| Keeley Small Cap Fund | 75,000 | 0.42% | $1.35M | 0.92% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 72,076 | 0.40% | $1.32M | 0.01% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 64,977 | 0.36% | $1.12M | 0.00% | May 31, 2026 |
| U.S. Micro Cap Portfolio | 62,336 | 0.35% | $1.14M | 0.01% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 59,149 | 0.33% | $1.08M | 0.01% | Jul 31, 2026 |
| The Gabelli Small Cap Growth Fund | 58,000 | 0.32% | $1.04M | 0.05% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jeffrey DiGiovanni | Chief Financial Officer | 85,758 | 0.48% | Sep 2, 2026 |
| Shahram Askarpour | Chief Executive Officer | 493,876 | 2.76% | Sep 2, 2026 |
| Glen R. Bressner | Director | 156,155 | 0.87% | Sep 2, 2026 |
| Richard A. Silfen | Director | 7,508 | 0.04% | Apr 20, 2026 |
| Denise L. Devine | Director | 15,004 | 0.08% | Apr 20, 2026 |
| Roger Anthony Carolin | Director | 83,188 | 0.46% | Apr 20, 2026 |
| Stephen L. Belland | Director | 42,559 | 0.24% | Apr 20, 2026 |
| Garry C. Dean | Director | 29,408 | 0.16% | Apr 20, 2026 |
| Christopher Harborne | 10% owner | 1,583,411 | 8.85% | Jul 1, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Glen R. Bressner Director | Aug 31, 2026 | Award | +2,500 | $19.69 | $49.23K | 156,155 |
| Shahram Askarpour Chief Executive Officer | Aug 31, 2026 | Tax withholding | −1,159 | $19.00 | $22.02K | 493,876 |
| Jeffrey DiGiovanni Chief Financial Officer | Aug 31, 2026 | Tax withholding | −480 | $19.00 | $9.12K | 85,758 |
| Jeffrey DiGiovanni Chief Financial Officer | Jul 8, 2026 | Tax withholding | −749 | $18.31 | $13.71K | 86,238 |
| Jeffrey DiGiovanni Chief Financial Officer | Jun 30, 2026 | Tax withholding | −910 | $18.00 | $16.38K | 86,987 |
| Glen R. Bressner Director | May 20, 2026 | Award | +6,300 | $15.93 | $100.36K | 153,655 |
| Jeffrey DiGiovanni Chief Financial Officer | May 18, 2026 | Tax withholding | −474 | $16.26 | $7.71K | 87,897 |
| Shahram Askarpour Chief Executive Officer | May 18, 2026 | Tax withholding | −906 | $16.26 | $14.73K | 495,035 |
| Glen R. Bressner Director | Apr 16, 2026 | Award | +5,618 | – | – | 147,355 |
| Roger Anthony Carolin Director | Apr 16, 2026 | Award | +5,618 | – | – | 83,188 |
| Denise L. Devine Director | Apr 16, 2026 | Returned to company | −5,403 | – | – | 15,004 |
| Denise L. Devine Director | Apr 16, 2026 | Award | +5,618 | – | – | 20,622 |
| Richard A. Silfen Director | Apr 16, 2026 | Award | +5,618 | – | – | 7,508 |
| Garry C. Dean Director | Apr 16, 2026 | Award | +5,618 | – | – | 29,408 |
| Stephen L. Belland Director | Apr 16, 2026 | Award | +5,618 | – | – | 42,559 |
| Jeffrey DiGiovanni Chief Financial Officer | Apr 8, 2026 | Tax withholding | −765 | $23.02 | $17.61K | 88,371 |
| Jeffrey DiGiovanni Chief Financial Officer | Mar 31, 2026 | Tax withholding | −897 | $20.53 | $18.42K | 89,136 |
| Shahram Askarpour Chief Executive Officer, Director | Feb 22, 2026 | Tax withholding | −2,876 | $24.32 | $69.94K | 495,941 |
| Shahram Askarpour Chief Executive Officer | Feb 18, 2026 | Tax withholding | −3,625 | $23.52 | $85.26K | 498,817 |
| Jeffrey DiGiovanni Chief Financial Officer | Feb 18, 2026 | Tax withholding | −2,172 | $23.52 | $51.09K | 90,033 |
| Shahram Askarpour Chief Executive Officer, Director | Feb 17, 2026 | Award | +20,171 | $19.83 | $399.99K | 502,442 |
| Jeffrey DiGiovanni Chief Financial Officer | Feb 17, 2026 | Award | +9,455 | $19.83 | $187.49K | 92,205 |
| Richard A. Silfen Director | Feb 17, 2026 | Award | +1,890 | – | – | 1,890 |
| Jeffrey DiGiovanni Chief Financial Officer | Feb 17, 2026 | Award | +9,455 | – | – | 92,205 |
| Shahram Askarpour Chief Executive Officer, Director | Feb 17, 2026 | Award | +20,171 | – | – | 502,442 |
| Jeffrey DiGiovanni Chief Financial Officer | Jan 13, 2026 | Tax withholding | −868 | $18.80 | $16.32K | 82,750 |
| Shahram Askarpour Chief Executive Officer, Director | Jan 11, 2026 | Tax withholding | −2,128 | $18.41 | $39.18K | 482,271 |
| Jeffrey DiGiovanni Chief Financial Officer | Dec 31, 2025 | Tax withholding | −1,000 | $18.94 | $18.94K | 83,618 |
| Shahram Askarpour Chief Executive Officer, Director | Nov 20, 2025 | Tax withholding | −87,918 | $8.42 | $740.27K | 484,399 |
| Shahram Askarpour Chief Executive Officer, Director | Nov 20, 2025 | Option exercise | +201,000 | – | – | 572,317 |
| Shahram Askarpour Chief Executive Officer, Director | Nov 20, 2025 | Option exercise | +201,000 | – | – | 572,317 |
| Christopher Harborne 10% owner | Jun 30, 2025 | Sale | −145,009 | $13.69 | $1.99M | 1,583,411 |
| Christopher Harborne 10% owner | Jun 27, 2025 | Sale | −31,580 | $13.91 | $439.28K | 1,728,420 |
| Christopher Harborne 10% owner | Jun 27, 2025 | Sale | −40,919 | $13.50 | $552.41K | 1,760,000 |
| Christopher Harborne 10% owner | Jun 26, 2025 | Sale | −59,667 | $13.21 | $788.20K | 1,800,919 |
| Christopher Harborne 10% owner | Jun 25, 2025 | Sale | −90,655 | $12.92 | $1.17M | 1,860,586 |
| Christopher Harborne 10% owner | Jun 23, 2025 | Sale | −89,414 | $12.50 | $1.12M | 1,951,241 |
| Christopher Harborne 10% owner | Jun 20, 2025 | Sale | −31,953 | $12.25 | $391.42K | 2,040,655 |
| Christopher Harborne 10% owner | Jun 18, 2025 | Sale | −17,198 | $12.28 | $211.19K | 2,072,608 |
| Christopher Harborne 10% owner | Jun 17, 2025 | Sale | −21,809 | $12.77 | $278.50K | 2,089,806 |
| Christopher Harborne 10% owner | Jun 11, 2025 | Sale | −5,116 | $11.77 | $60.22K | 2,111,615 |
| Christopher Harborne 10% owner | Jun 10, 2025 | Sale | −438 | $11.75 | $5.15K | 2,116,731 |
| Christopher Harborne 10% owner | Jun 9, 2025 | Sale | −63,592 | $11.78 | $749.11K | 2,117,169 |
| Christopher Harborne 10% owner | Jun 6, 2025 | Sale | −35,437 | $11.76 | $416.74K | 2,180,761 |
| Christopher Harborne 10% owner | Jun 5, 2025 | Sale | −11,944 | $11.79 | $140.82K | 2,216,198 |
| Christopher Harborne 10% owner | Jun 4, 2025 | Sale | −43,997 | $11.67 | $513.44K | 2,228,142 |
| Christopher Harborne 10% owner | Jun 3, 2025 | Sale | −6,766 | $11.50 | $77.81K | 2,272,139 |
| Christopher Harborne 10% owner | Jun 2, 2025 | Sale | −17,740 | $11.51 | $204.19K | 2,278,905 |
| Garry C. Dean Director | Apr 17, 2025 | Award | +13,536 | – | – | 23,790 |
| Roger Anthony Carolin Director | Apr 17, 2025 | Award | +13,536 | – | – | 77,570 |
| Denise L. Devine Director | Apr 17, 2025 | Award | +13,536 | – | – | 20,407 |
| Stephen L. Belland Director | Apr 17, 2025 | Award | +13,536 | – | – | 36,941 |
| Glen R. Bressner Director | Apr 17, 2025 | Award | +13,536 | – | – | 141,737 |
| Jeffrey DiGiovanni CHIEF FINANCIAL OFFICER | Feb 18, 2025 | Award | +17,462 | – | – | 84,618 |
| Shahram Askarpour CHIEF EXECUTIVE OFFICER | Feb 18, 2025 | Award | +37,835 | – | – | 370,317 |
| Christopher Harborne 10% owner | Feb 6, 2025 | Sale | −14,970 | $11.59 | $173.50K | 2,296,645 |
| Christopher Harborne 10% owner | Feb 4, 2025 | Sale | −63,368 | $11.21 | $710.36K | 2,311,615 |
| Christopher Harborne 10% owner | Jan 31, 2025 | Sale | −42,788 | $11.84 | $506.61K | 2,374,983 |
| Christopher Harborne 10% owner | Jan 30, 2025 | Sale | −7,086 | $11.17 | $79.15K | 2,417,771 |
| Denise L. Devine Director | Jan 27, 2025 | Award | +6,781 | – | – | 6,781 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| of Geoffrey S. M. Hedrick Estate Stakeholder | Jul 10, 2023 | 174,387 | $1.23M | Jul 10, 2023 | Transfer at Death |
| J. Churchill Winston Former Affiliate | Jun 13, 2023 | 3,499 | $24.14K | Jun 13, 2023 | Compensation for Past Services |
| J. Churchill Winston Former Affiliate | Jun 6, 2023 | 14 | $97 | Jun 6, 2023 | Compensation for Past Services |
| J. Churchill Winston Former Affiliate | Jun 5, 2023 | 1,556 | $10.74K | Jun 5, 2023 | Compensation for Past Services |
| J. Churchill Winston Former Affiliate | May 19, 2023 | 900 | $6.30K | May 19, 2023 | Compensation for Past Services |
| J. Churchill Winston Former Affiliate | May 18, 2023 | 80 | $560 | May 18, 2023 | Compensation for Past Services |
| J. Churchill Winston Former Affiliate | May 17, 2023 | 300 | $2.10K | May 17, 2023 | Compensation for Past Services |