Have Insiders Been Buying TECSYS Inc. (TSE:TCS) Shares This Year?

By
Simply Wall St
Published
March 26, 2019
TSX:TCS
Source: Shutterstock

We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell TECSYS Inc. (TSE:TCS), you may well want to know whether insiders have been buying or selling.

Do Insider Transactions Matter?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.

Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

View our latest analysis for TECSYS

The Last 12 Months Of Insider Transactions At TECSYS

While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.

David Booth purchased 9.80k shares over the year. The average price per share was CA$13.64. You can see a visual depiction of insider transactions (by 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!

TSX:TCS Recent Insider Trading, March 26th 2019
TSX:TCS Recent Insider Trading, March 26th 2019

If you like to buy stocks alongside management, then you might just love this freelist of companies. (Hint: insiders have been buying them).

Does TECSYS 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. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that TECSYS insiders own 5.1% of the company, worth about CA$9.9m. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About TECSYS Insiders?

It is good to see recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that TECSYS insiders are reasonably well aligned, and optimistic for the future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this freereport showing analyst forecasts for its future.

Of course TECSYS may not be the best stock to buy. So you may wish to see this freecollection of high quality companies.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Thank you for reading.

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