The Non-Executive Non-Independent Director of Genesys International Corporation Limited (NSE:GENESYS), Ganapathy Vishwanathan, Just Bought 12% More Shares

Potential Genesys International Corporation Limited (NSE:GENESYS) shareholders may wish to note that the Non-Executive Non-Independent Director, Ganapathy Vishwanathan, recently bought ₹11m worth of stock, paying ₹57.36 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 12%.

See our latest analysis for Genesys International

The Last 12 Months Of Insider Transactions At Genesys International

In fact, the recent purchase by Non-Executive Non-Independent Director Ganapathy Vishwanathan was not their only acquisition of Genesys International shares this year. Earlier in the year, they paid ₹21.05 per share in a ₹22m purchase. Even though the purchase was made at a significantly lower price than the recent price (₹60.85), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Ganapathy Vishwanathan purchased 1.68m shares over the year. The average price per share was ₹32.79. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Genesys International

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 38% of Genesys International shares, worth about ₹697m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Genesys International Insiders?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Genesys International. That's what I like to see! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 3 warning signs for Genesys International (1 is potentially serious!) that we believe deserve your full attention.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

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