Even if it's not a huge purchase, we think it was good to see that Smita Conjeevaram, the Independent Director of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) recently shelled out US$74k to buy stock, at US$58.80 per share. That purchase might not be huge but it did increase their holding by 42%.
The Last 12 Months Of Insider Transactions At SS&C Technologies Holdings
In the last twelve months, the biggest single purchase by an insider was when Independent Director Michael Zamkow bought US$1.0m worth of shares at a price of US$59.76 per share. That means that even when the share price was higher than US$55.48 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months insiders purchased 20.57k shares for US$1.2m. On the other hand they divested 13516 shares, for US$810k. In total, SS&C Technologies Holdings insiders bought more than they sold over the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
SS&C Technologies Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of SS&C Technologies Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. SS&C Technologies Holdings insiders own about US$1.8b worth of shares (which is 13% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The SS&C Technologies Holdings Insider Transactions Indicate?
The stark truth for SS&C Technologies Holdings is that there has been more insider selling than insider buying in the last three months. But we take heart from prior transactions. On top of that, insiders own a significant portion of the company. So the recent selling doesn't worry us. Of course, the future is what matters most. So if you are interested in SS&C Technologies Holdings, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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