Insider Buying: WiseTech Global (ASX:WTC) Insider Purchases A$50,048,961.00 in Stock

WiseTech Global Limited (ASX:WTC) insider Richard White acquired 600,900 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was acquired at an average cost of A$83.29 per share, with a total value of A$50,048,961.00.

Richard White also recently made the following trade(s):

• On Thursday, October 16th, Richard White sold 595,300 shares of WiseTech Global stock. The stock was sold at an average price of A$84.10, for a total transaction of A$50,064,730.00.
• On Thursday, October 9th, Richard White sold 573,750 shares of WiseTech Global stock. The stock was sold at an average price of A$87.16, for a total transaction of A$50,008,050.00.
• On Thursday, October 2nd, Richard White sold 598,130 shares of WiseTech Global stock. The stock was sold at an average price of A$91.46, for a total transaction of A$54,704,969.80.
• On Thursday, September 25th, Richard White sold 709,800 shares of WiseTech Global stock. The stock was sold at an average price of A$95.82, for a total transaction of A$68,013,036.00.
• On Thursday, September 18th, Richard White sold 519,100 shares of WiseTech Global stock. The stock was sold at an average price of A$96.76, for a total transaction of A$50,228,116.00.
• On Thursday, September 11th, Richard White sold 550,700 shares of WiseTech Global stock. The stock was sold at an average price of A$94.23, for a total transaction of A$51,892,461.00.
• On Thursday, September 4th, Richard White sold 703,300 shares of WiseTech Global stock. The stock was sold at an average price of A$98.17, for a total transaction of A$69,042,961.00.

WiseTech Global Stock Performance

The company has a current ratio of 1.02, a quick ratio of 2.84 and a debt-to-equity ratio of 4.72. The company has a market capitalization of $40.96 billion, a P/E ratio of 155.39, a PEG ratio of 2.42 and a beta of 0.96.

WiseTech Global Increases Dividend

The company also recently declared a Final dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, October 9th were paid a dividend of $0.119 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a dividend yield of 12.0%. This is a boost from WiseTech Global’s previous Final dividend of $0.09. WiseTech Global’s dividend payout ratio is presently 22.78%.

About WiseTech Global

WiseTech Global Limited engages in the development and provision of software solutions to the logistics execution industry in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It develops, sells, and implements software solutions that enable and empower logistics service providers to facilitate the movement and storage of goods and information.