Whilst it may not be a huge deal, we thought it was good to see that the SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director, Jonathan Michael, recently bought US$96k worth of stock, for US$48.11 per share. That might not be a big purchase but it only increased their holding by 3.4%, and could be interpreted as a good sign.
SS&C Technologies Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Director Michael Zamkow for US$1.1m worth of shares, at about US$47.53 per share. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being US$44.21). 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders paid US$2.8m for 54976.38 shares. On the other hand they divested 10141 shares, for US$607k. Overall, SS&C Technologies Holdings insiders were net buyers last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Does SS&C Technologies Holdings Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. SS&C Technologies Holdings insiders own about US$1.4b 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 Does This Data Suggest About SS&C Technologies Holdings Insiders?
Unfortunately, there has been more insider selling of SS&C Technologies Holdings stock, than buying, in the last three months. On the other hand, the insider transactions over the last year are encouraging. On top of that, insiders own a significant portion of the company. So we’re not too bothered by recent selling. 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.
But note: SS&C Technologies Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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