1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
gurujx
gurujx
Articles (514) 

Weekly CFO Sells Highlight: PAY, LPSN, SMOD, LTD, M, TPX, LVLT

According to GuruFocus Insider Data, the largest CFO sells during the past week are: VERIFONE SYSTEMS INC., LivePerson Inc., SMART Modular Technologies Inc., Ltd. BRANDS INC., Macy’s Inc., TEMPURPEDIC INTERNATIONAL INC., and Level 3 Communications Inc.

VERIFONE SYSTEMS INC. (NYSE:PAY): CFO Robert R B Dykes Sold 129,082 Shares



CFO of VERIFONE SYSTEMS INC. (NYSE:PAY) Robert R B Dykes sold 129,082 shares on 04/06/2011 at an average price of $54.08. Verifone Holdings, Inc., a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone Systems Inc. has a market cap of $4.61 billion; its shares were traded at around $52.16 with a P/E ratio of 43.47 and P/S ratio of 4.6.

VERIFONE SYSTEMS INC. has recently released its first quarter 2011 results. The company reported Net revenues of $284 million compared to $223 million prior year quarter. Services revenue grew by nearly %65 year over year. Net income per diluted share was reported at $0.43 compared to $0.26 prior year quarter (Non-GAAP). VERIFONE SYSTEMS INC. has also announced a strategic partnership with Gemalto N.V. which includes the transferring of Gemalto’s point-of-sale solutions to VeriFone.

Sell: CFO Robert R B Dykes sold 129,082 shares of PAY stock on 04/06/2011 at the average price of 54.08. The price of the stock has decreased by 3.55% since. EVP, Integrated Solutions Elmore Waller sold 135,311 shares of PAY stock on 04/04/2011 at the average price of 54.53. Other insiders have sold shares of PAY stock as well.

LivePerson Inc. (NASDAQ:LPSN): President and CFO Timothy E Bixby Sold 115,000 Shares



President and CFO of LivePerson Inc. (NASDAQ:LPSN) Timothy E Bixby sold 115,000 shares on 04/06/2011 at an average price of $12.7. LivePerson Inc. is a provider of technology that facilitates real-time sales and customer service for companies doing business on the Internet. Liveperson Inc. has a market cap of $691.11 million; its shares were traded at around $13.24 with a P/E ratio of 63.05 and P/S ratio of 6.29. Liveperson Inc. had an annual average earnings growth of 30.6% over the past 5 years.

For its fourth quarter 2010, LivePerson Inc. reported revenues of $29.0 million, an increase of 21% from prior year quarter. The company also reported EPS of $0.05 and net income of $0.09 per share.

Sell: President and CFO Timothy E Bixby sold 115,000 shares of LPSN stock on 04/06/2011 at the average price of 12.7. Timothy E Bixby owns at least 171,750 shares after this. The price of the stock has increased by 4.25% since. EVP, Israel Operations Eli Campo and Former Director Emmanuel Gill both sold shares of LPSN stock on 04/01/2011.

SMART Modular Technologies Inc. (SMOD): SVP/CFO Barry Zwarenstein Sold 90,000 Shares



SVP/CFO of SMART Modular Technologies Inc. (SMOD) Barry Zwarenstein sold 90,000 shares on 04/01/2011 at an average price of $7.7. Smart is a independent designer, manufacturer and supplier of value added subsystems to original equipment manufacturers, or OEMs. Smart Modular Technologies Inc. has a market cap of $534.49 million; its shares were traded at around $8.47 with a P/E ratio of 12.83 and P/S ratio of 0.76.

SMART Modular Technologies Inc. has recently released its second quarter 2011 results. During this quarter the company reported net sales of $170.5 million compared to $160.1 million prior year quarter. Gross profit was $28.5million compared to $42.0 million prior year quarter and GAAP net income was $0.2 million compared to $16.1 million prior year quarter.

Sell: President & CEO Iain Mackenzie sold 69,000 shares of SMOD stock on 04/05/2011 at the average price of 8. SVP/CFO Barry Zwarenstein sold 90,000 shares of SMOD stock on 04/01/2011 at the average price of 7.7. SVP/GM - Memory Business Unit Alan Marten and VP - Worldwide Sales Wayne Eisenberg sold a total of 74,880 shares of SMOD stock on 04/05/2011 at the average price of 8.

Ltd. BRANDS INC. (LTD): CFO Stuart B Burgdoerfer Sold 191,095 Shares



CFO of Ltd. BRANDS INC. (LTD) Stuart B Burgdoerfer sold 191,095 shares during the past week at an average price of $32.81. The Limited, Inc. is principally engaged in the purchase, distribution and sale of women's, men's and children's apparel, women's intimate apparel, personal care products, and a wide variety of sporting goods. Ltd. Brands Inc. has a market cap of $11.87 billion; its shares were traded at around $37.17 with a P/E ratio of 18.13 and P/S ratio of 1.24. The dividend yield of Ltd. Brands Inc. stocks is 2.15%. Ltd. Brands Inc. had an annual average earnings growth of 5.3% over the past 10 years.

Sell: CFO Stuart B Burgdoerfer sold a total of 191,095 shares of LTD stock in April. Stuart B Burgdoerfer owns at least 161,757 shares after this. EVP & Chief Admin Officer Martyn R Redgrave sold 50,000 shares of LTD stock on 04/05/2011 at the average price of 33.5.

Macys Inc. (NYSE:M): CFO Karen M Hoguet Sold 76,744 Shares



CFO of Macys Inc. (NYSE:M) Karen M Hoguet sold 76,744 shares on 04/06/2011 at an average price of $25. Federated Department Stores, through its subsidiaries, is one of the operators of full-line department stores in the United States. Macys Inc. has a market cap of $10.57 billion; its shares were traded at around $24.83 with a P/E ratio of 12 and P/S ratio of 0.42. The dividend yield of Macys Inc. stocks is 0.81%.

For its fourth quarter 2010, Macys Inc. reported sales of $8.269 billion, an increase of 5.4% from the $7.849 billion prior year quarter. Macys operating income was 13.8% of sales, or $1.144 billion. Fourth quarter EPS was $1.59 as adjusted.

Sell: CFO Karen M Hoguet sold 76,744 shares of M stock on 04/06/2011 at the average price of 25. Karen M Hoguet owns at least 78,400 shares after this. The price of the stock has decreased by 0.68% since. Vice Chair Janet Grove sold 40,000 shares of M stock on 04/05/2011 at the average price of 24.63.

TEMPURPEDIC INTERNATIONAL INC. (NYSE:TPX): Executive VP & CFO Dale E Williams Sold 70,000 Shares



Executive VP & CFO of TEMPURPEDIC INTERNATIONAL INC. (NYSE:TPX) Dale E Williams sold 70,000 shares on 04/08/2011 at an average price of $57.73. Tempur-Pedic International Inc. is a vertically-integrated manufacturer, marketer and distributor of premium mattresses and pillows made from its proprietary Tempur visco-elastic foam. Tempurpedic International Inc. has a market cap of $3.92 billion; its shares were traded at around $57.17 with a P/E ratio of 26.22 and P/S ratio of 3.55. Tempurpedic International Inc. had an annual average earnings growth of 12.7% over the past 10 years.

TEMPURPEDIC INTERNATIONAL INC. has released its fourth quarter 2010 results. During this quarter ended December 31, 2010, the company reported net sales went up 20% to $292.7 million. EPS went up to $0.66 compared to $0.38 prior year quarter.

Sell: Executive VP & CFO Dale E Williams sold 70,000 shares of TPX stock on 04/08/2011 at the average price of 57.73. Dale E Williams owns at least 191,187 shares after this. The price of the stock has decreased by 0.97% since. Exec VP, Pres Intl Ops David Montgomery sold 100,000 shares of TPX stock on 04/08/2011 at the average price of 57.53. Other insiders have sold shares of TPX stock throughout April as well.

Level 3 Communications Inc. (NYSE:LVLT): Executive VP and CFO Sunit S Patel Sold 67,900 Shares



Executive VP and CFO of Level 3 Communications Inc. (NYSE:LVLT) Sunit S Patel sold 67,900 shares on 04/04/2011 at an average price of $1.42. Level 3 Communications is an international communications and information services company. Level 3 Communications Inc. has a market cap of $2.41 billion; its shares were traded at around $1.44 with and P/S ratio of 0.66.

Level 3 Communications Inc. has released its fourth quarter 2010 results. The company reported net loss of $52 million a loss of $163 million prior year quarter. Consolidated revenue was $921 million compared to $912 million prior year quarter.

Sell: CEO James Q Crowe sold 63,850 shares of LVLT stock on 04/04/2011 at the average price of 1.42. Executive VP and CFO Sunit S Patel sold 67,900 shares of LVLT stock on 04/04/2011 at the average price of 1.42. Sunit S Patel owns at least 1,902,032 shares after this. The price of the stock has increased by 1.41% since. Other insiders have sold shares of LVLT stock in April as well.

For the complete list of stocks that Sold by their CFOs, 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.

» Take a Free Trial of Premium Membership


Rating: 3.5/5 (6 votes)

Comments

Please leave your comment:


GuruFocus Mobile App Available


Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK