Yahoo Finance A number of insiders bought TELUS International (Cda) Inc. (NYSE:TIXT) stock last year, which is great news for shareholders
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of TELUS International (Cda) Inc. (NYSE:TIXT), that sends out a positive message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for TELUS International (Cda)
The Last 12 Months Of Insider Transactions At TELUS International (Cda)
Over the last year, we can see that the biggest insider sale was by the insider, Brian Hannon, for US$60k worth of shares, at about US$25.04 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$19.92. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Brian Hannon.
Happily, we note that in the last year insiders paid US$111k for 5.00k shares. On the other hand they divested 2.42k shares, for US$60k. In total, TELUS International (Cda) insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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).
TELUS International (Cda) Insiders Bought Stock Recently
Over the last quarter, TELUS International (Cda) insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$78k worth of shares. This makes one think the business has some good points.
Insider Ownership Of TELUS International (Cda)
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. It appears that TELUS International (Cda) insiders own 0.4% of the company, worth about US$21m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At TELUS International (Cda) Tell Us?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in TELUS International (Cda) shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in TELUS International (Cda), you should check out this free report on analyst forecasts for the company.
Of course TELUS International (Cda) may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
