Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Insiders Have Bought Cognizant Technology Solutions Corp (CTSH), Ryman Hospitality Properties, Inc. (REIT) (RHP), and More

Page 1 of 2

Our analysis of studies on insider trading has concluded that stocks bought by insiders exhibit a small outperformance effect, which makes sense as insiders should be reluctant to buy shares (increasing their company-specific risk) unless they are quite optimistic about the stock. While investors clearly can’t take advantage of this by imitating every insider purchase, we think that insider purchases can serve as a stock screen similar to low earnings multiples or price to book ratios. Investors can review a list of stocks bought by insiders, knowing that this is a favorable “hunting ground” and do more research on any interesting names. Read on for our quick take on five stocks which insiders have bought recently.


The Chairman of Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s Board of Directors bought 7,500 shares of stock in mid June. Cognizant Technology Solutions Corp (NASDAQ:CTSH) is an IT and consulting solutions and services company. The business has been experiencing double-digit growth rates on both top and bottom lines, and with a trailing P/E of 18 it could prove undervalued if this strong performance continues. In addition to insider trading filings, we also maintain a database of 13F filings from hundreds of hedge funds and other notable investors. We use these filings to develop investing strategies based on hedge fund activity (for example, the most popular small cap stocks among hedge funds earn an average excess return of 18 percentage points per year) and also to monitor interest in individual stocks over time. We can see from our database that Lone Pine Capital, managed by billionaire Tiger Cub Stephen Mandel, owned 8.7 million shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) as of the beginning of April (see Mandel’s stock picks).

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) had its CEO purchase 20,000 shares on June 10th at an average price of $34.27 per share. Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) is a real estate investment trust whose business is dividend between several combination hotel and convention centers and a number of tourist attractions in Nashville. The stock currently yields 5.5%- high yields are common with REITs- but the stock is down in the last year as business has not done well. Billionaire John Paulson’s Paulson & Co. disclosed ownership of 2.2 million shares in its most recent 13F (find Paulson’s favorite stocks).

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!