One Fisher & Paykel Healthcare Corporation Limited (NZSE:FPH) insider upped their stake in the previous year

By
Simply Wall St
Published
March 19, 2022
NZSE:FPH
Source: Shutterstock

Insiders were net buyers of Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH ) stock during the past year. That is, insiders bought more stock than they sold.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Fisher & Paykel Healthcare

Fisher & Paykel Healthcare Insider Transactions Over The Last Year

The Independent Non-Executive Director Lisa E. McIntyre made the biggest insider purchase in the last 12 months. That single transaction was for NZ$143k worth of shares at a price of NZ$32.45 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being NZ$27.60). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Lisa E. McIntyre.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NZSE:FPH Insider Trading Volume March 19th 2022

Fisher & Paykel Healthcare is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

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. We usually like to see fairly high levels of insider ownership. Insiders own 0.4% of Fisher & Paykel Healthcare shares, worth about NZ$56m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Fisher & Paykel Healthcare Insider Transactions Indicate?

The fact that there have been no Fisher & Paykel Healthcare insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Fisher & Paykel Healthcare and we see no evidence to suggest they are worried about 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 free report showing analyst forecasts for its future.

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.

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