Weekly highlight of top insider buys: Oracle Corp. (ORCL), Monsanto Company (MON), FTI Consulting Inc. (FCN), Western Asset Emerging Markets Debt Fund (ESD), and A. Schulman Inc. (SHLM).
EVP - Latin America Div. of Oracle Corp., Luiz Meisler, bought 3,500 shares on 7/08/10 at an average price of $23.29.
Oracle Corporation is one of the world's suppliers of software for information management. Oracle Corp. has a market cap of $116.89 billion; its shares were traded at around $23.29 with a P/E ratio of 14.6 and P/S ratio of 4.4. The dividend yield of Oracle Corp. stocks is 0.9%. Oracle Corp. had an annual average earning growth of 15.6% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 3-star.
On June 24, Oracle Corporation announced fiscal 2010 Q4 GAAP total revenues were up 39% to $9.5 billion, while non-GAAP total revenues were up 40% to $9.6 billion. GAAP new software license revenues were up 14% to $3.1 billion. GAAP software license updates and product support revenues were up 12% to $3.4 billion, while non-GAAP software license updates and product support revenues were up 13% to $3.5 billion. GAAP operating income was up 14% to $3.3 billion, and GAAP operating margin was 35%. Non-GAAP operating income was up 26% to $4.4 billion, and non-GAAP operating margin was 46%. GAAP net income was up 25% to $2.4 billion, while non-GAAP net income was up 31% to $3.0 billion.
Oracle Corp. is in the portfolios of twelve Gurus: Andreas Halvorsen, George Soros, John Hussman, Mark Hillman, Bill Nygren, Ruane Cunniff, Ronald Muhlenkamp, PRIMECAP Management, Kenneth Fisher, Lee Ainslie, Hotchkis & Wiley, and Ken Heebner.
This month, Buy: EVP - Latin America Div. Luiz Meisler bought and Sell: President Jr Charles E Phillips sold shares of ORCL stock. In June, Sell: SVP, Gen'l Counsel, Secretary Dorian Daley, Sell: President Safra Catz, and Sell: Director Hector Garcia-molina sold shares.
Monsanto Company (MON): EVP & CFO Carl M Casale Bought 30,000 Shares
EVP & CFO of Monsanto Company, Carl M Casale, bought 30,000 shares on 7/13/10 at an average price of $56.2.
Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $30.66 billion; its shares were traded at around $56.2 with a P/E ratio of 22.4 and P/S ratio of 2.6. The dividend yield of Monsanto Company stocks is 1.9%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.
On June 30, Monsanto Company announced results for the third fiscal quarter of 2010. Gross profit declined 24 percent in the quarter to $1.4 billion. For the first nine months, gross profit was down 28 percent or $1.7 billion. Operating expenses were flat overall, with a slight decrease for selling, general and administrative (SG&A) expenses for the three month comparison. R&D expenses increased slightly as the company continues to manage more projects in advanced pipeline phases. As a percent of net sales, SG&A expenses were 17 percent and R&D expenses were 10 percent. Restructuring expense for the quarter was $86 million. This included $52 million charged to cost-of-goods related to discontinued products worldwide.
Monsanto Company is in the portfolios of eleven Gurus: Brian Rogers, Wallace Weitz, Chris Davis, PRIMECAP Management, John Griffin, Jean-Marie Eveillard, George Soros, Kenneth Fisher, Steve Mandel, and Ron Baron.
This month, Buy: Chairman, President & CEO Hugh Grant and Buy: EVP & CFO Carl M Casale shares of MON. Buy: Director Charles S Mcmillan bought 2,000 shares in April; Sell: Exec. VP Human Resources Steven Mizell and Sell: VP, Vegetable Business Consuelo E. Madere sold shares in January.
FTI Consulting Inc. (FCN): Chairman of the Board Dennis J Shaughnessy Bought 10,000 Shares
Chairman of the Board of FTI Consulting Inc., Dennis J Shaughnessy, bought 10,000 shares on 7/15/10 at an average price of $33.62.
On May 5, FTI Consulting, Inc. reported its financial results for the first quarter ended March 31, 2010. Revenues increased to $350.0 million from $347.8 million in the prior year period. Adjusted earnings per diluted share were $0.67 before $0.38 of special charges described below and EPS was $0.29 per diluted share. Adjusted EBITDA before $30.2 million of special charges, increased to $75.9 million, or 21.7% of revenues, compared with $74.0 million, or 21.3% of revenues, in the first quarter of 2009. Adjusted earnings per diluted share and Adjusted EBITDA are non-GAAP measures which are described below.
FTI Consulting, Inc. is a multi-disciplined consulting firm with practices in the areas of financial restructuring, litigationsupport and engineering/scientific investigation. Fti Consulting Inc. has a market cap of $1.58 billion; its shares were traded at around $33.62 with a P/E ratio of 12 and P/S ratio of 1.1. Fti Consulting Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Fti Consulting Inc. the business predictability rank of 3-star.
This month, Buy: President & CEO Jack B Iv Dunn and Buy: Chairman of the Board Dennis J Shaughnessy bought shares of FCN stock. Sell: Director Denis J Callaghan also sold shares. Sell: Former Officer Jorge Celaya sold 60,000 shares in May.
Western Asset Emerging Markets Debt Fund (ESD): Director William R Hutchinson Bought 1,250 Shares
Director of Western Asset Emerging Markets Debt Fund, William R Hutchinson, bought 1,250 shares on 7/09/10 at an average price of $17.85.
Western Asset Emerging Markets Debt Fund has a market cap of $479.3 million; its shares were traded at around $17.85 . The dividend yield of Western Asset Emerging Markets Debt Fund stocks is 9%.
Buy: Director William R Hutchinson bought 1,250 shares of ESD stock this month.
A. Schulman Inc. (SHLM): VP - Global Supply Chain & CPO Gary A Miller Bought 10,000 Shares
VP - Global Supply Chain & CPO of A. Schulman Inc., Gary A Miller, bought 10,000 shares on 7/15/10 at an average price of $18.04.
Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. A. Schulman Inc. has a market cap of $476.1 million; its shares were traded at around $18.04 with a P/E ratio of 11.5 and P/S ratio of 0.4. The dividend yield of A. Schulman Inc. stocks is 3.3%.
On July 8, A. Schulman Inc. reported results for the third fiscal quarter of 2010. The quarter included certain after-tax net benefits of approximately $12.2 million, which were primarily related to purchase accounting adjustments, asset impairments, acquisition-related costs and restructuring expenses. Last year's third quarter included certain non-operating after-tax charges of $1.6 million related to restructuring, impairments and accelerated depreciation. Excluding these charges, net income for the fiscal 2010 third quarter was $13.6 million, or $0.48 per diluted share, compared with $9.0 million, or $0.36 per diluted share, for the prior-year period. The Company's financial results contained one month of ICO, Inc.'s operations. The acquired operations of ICO, Inc. contributed approximately $0.9 million to adjusted net income in the fiscal 2010 third quarter.
A. Schulman Inc. is in the portfolio of Arnold Schneider.
This month, Buy: VP - Global Supply Chain & CPO Gary A Miller bought 10,000 shares of SHLM stock. In April, Buy: V.P. - Global Human Resources Kim L Whiteman and Buy: VP - Global Supply Chain & CPO Gary A Miller bought shares; Buy: Director David G Birney bought 5,000 shares in February.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.