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Weekly CEO Buys Highlight: Digital River Inc, Information Services Group Inc, iMergent Inc, CVS Caremark Corp, Verizon Communications Inc.

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Nov. 14, 2009 | Filed Under: DRIV , ISG , IIG , CVS , VZ


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guruyt
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Last week's top stocks that were bought by their CEOs were Digital River Inc, Information Services Group Inc, iMergent Inc, CVS Caremark Corp, and Verizon Communications Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Digital River Inc. (DRIV): CEO Joel A Ronning Bought 194,000 Shares

CEO of Digital River Inc. (DRIV) Joel A Ronning bought 194,000 shares on 11/09/2009 at an average price of $26.86. Digital River, Inc. provides comprehensive electronic commerce outsourcing solutions. They are an application service provider that enables its clients to access their proprietary electronic commerce system over the Internet. The company has a market cap of $1.04 billion; its shares were traded at around $26.86 with a P/E ratio of 17.5 and P/S ratio of 2.6. Digital River Inc. had an annual average earning growth of 24.8% over the past 5 years.

Digital River recently reported its third quarter results. The company announced that its Third quarter revenue totaled $99.4 million, compared to $96.3 million during the same period in 2008. These results exceeded management's third quarter revenue guidance of $96.5 - $98.5 million.

John Hussman owns 500,000 shares as of 09/30/2009, which accounts for 0.38% of the $5.36 billion portfolio of Hussman Economtrics Advisors, Inc..

Buy:: CEO Joel A Ronning bought 194,000 shares of DRIV stock on 11/09/2009 at the average price of 25.8, the price of the stock has increased by 4.11% since. However, other insiders have decreased their positions in the company.

Information Services Group Inc (ISG): Chairman and CEO, 10% Owner Michael P Connors Bought 315,457 Shares

Chairman and CEO, 10% Owner of Information Services Group Inc (ISG) Michael P Connors bought 315,457 shares on 11/12/2009 at an average price of $3.52. INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. It has a market cap of $110.9 million; its shares were traded at around $3.52 with a P/E ratio of 12.2 and P/S ratio of 0.6.

Buy:: Chairman and CEO, 10% Owner Michael P Connors bought 315,457 shares of III stock on 11/12/2009 at the average price of 3.17, the price of the stock has increased by 11.04% since. Buy:: Executive VP and CFO David E. Berger bought 125,000 shares of III stock on 11/12/2009 at the average price of 3.17, the price of the stock has increased by 11.04% since

iMergent Inc (IIG): CEO, 10% Owner Steven G Mihaylo Bought 100,000 Shares

CEO, 10% Owner of iMergent Inc (IIG) Steven G Mihaylo bought 100,000 shares on 11/05/2009 at an average price of $6.55. Imergent, Inc. is an eCommerce application service provider that enables companies of any size to extend their business to eCommerce. Imergent Inc has a market cap of $74.8 million; its shares were traded at around $6.55 with a P/E ratio of 25.1 and P/S ratio of 0.8. The dividend yield of Imergent Inc stocks is 1.2%.

iMergent recently reported its first fiscal 2010 quarter results. Net income for the first quarter of fiscal 2010 was $718,000, or $0.06 per diluted common share, compared to a net loss of $7,499,000, or $0.66 per diluted common share in the same quarter last year. Income before income tax provision for the first quarter of fiscal 2010 was $1,100,000 compared to a loss of $1,618,000 in the same quarter last year.

Buy:: CEO, 10% Owner Steven G Mihaylo bought 100,000 shares of IIG stock on 11/05/2009 at the average price of 6.75, the price of the stock has decreased by 2.96% since

CVS Caremark Corp. (CVS): CEO & President Thomas M Ryan Bought 17,000 Shares

CEO & President of CVS Caremark Corp. (CVS) Thomas M Ryan bought 17,000 shares on 11/12/2009 at an average price of $30.25. CVS/Caremark is the nation's premier integrated pharmacy services provider, combining one of the nation's leading pharmaceutical services companies with the country's largest pharmacy chain. The company has a market cap of $43.66 billion; its shares were traded at around $30.25 with a P/E ratio of 11.9 and P/S ratio of 0.5. The dividend yield of Cvs Caremark Corp. stocks is 1%.

CVS recently reported record third quarter results. The company announced that its Net revenues for the third quarter of 2009, increased $3.8 billion to $24.6 billion, up from $20.9 billion during the third quarter of 2008. Net revenues were positively impacted by one more reporting day during the third quarter of 2009 compared to the third quarter of 2008.

NWQ Managers bought 1,434,404 shares in the quarter that ended on 06/30/2009, which is 0.31% of the $14.8 billion portfolio of NWQ Investment Management Co. Andreas Halvorsen owns 3,237,000 shares as of 06/30/2009, an increase of 209.29% from the previous quarter. This position accounts for 1.8% of the $5.74 billion portfolio of Viking Global Investors LP. John Keeley owns 78,245 shares as of 06/30/2009, an increase of 21.79% from the previous quarter. This position accounts for 0.04% of the $5.82 billion portfolio of Keeley Fund Management. Chris Davis owns 36,775,259 shares as of 06/30/2009, an increase of 16.57% from the previous quarter. This position accounts for 2.26% of the $51.82 billion portfolio of Davis Selected Advisers.

Buy:: CEO & President Thomas M Ryan bought 17,000 shares of CVS stock on 11/12/2009 at the average price of 29.96, the price of the stock has increased by 0.97% since. Many insiders have decreased their positions in the company.

Verizon Communications Inc. (VZ): EVP and Pres. & CEO - VZW JV Lowell C Mcadam Bought 17,000 Shares

EVP and Pres. & CEO - VZW JV of Verizon Communications Inc. (VZ) Lowell C Mcadam bought 17,000 shares on 11/06/2009 at an average price of $30.13. Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the world's largest provider of print and on-line directory information. Verizon Communications Inc. has a market cap of $84.36 billion; its shares were traded at around $30.13 with a P/E ratio of 12.2 and P/S ratio of 0.9. The dividend yield of Verizon Communications Inc. stocks is 6.3%.

George Soros bought 594,853 shares in the quarter that ended on 06/30/2009, which is 0.7% of the $2.61 billion portfolio of Soros Fund Management LLC. Richard Snow bought 56,373 shares in the quarter that ended on 06/30/2009, which is 0.09% of the $2.47 billion portfolio of Snow Capital Management, L.P.. Mark Hillman owns 487,597 shares as of 06/30/2009, an increase of 16.99% from the previous quarter. This position accounts for 4.06% of the $369 million portfolio of Hillman Capital Management.

Buy:: Director John R Stafford bought 3,100 shares of VZ stock on 07/31/2009 at the average price of 32.04, the price of the stock has decreased by 5.96% since.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.




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User Comments:
1. HRSANJR says on Nov 14, 2009 at 11:23 PM:



thank you for the information
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