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Weekly CFO Sales Highlight: EPIQ, INCY, AVB, JOSB, PCS, FLO

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According to GuruFocus Insider Data, the largest CFO sells during the past week were: EPIQ Systems Inc, Incyte Corp, AVALONBAY COMMUNITIES, Jos. A. Bank Clothiers Inc, METROPCS COMMUNICATIONS INC, and FLOWERS FOODS INC.

EPIQ Systems Inc. (EPIQ): Executive Vice President & CFO M Braham Elizabeth Sold 100,000 Shares



Executive Vice President & CFO of EPIQ Systems Inc. (EPIQ) M Braham Elizabeth sold 100,000 shares on 06/03/2011 at an average price of $15.16. EPIQ Systems, Inc. develops, markets and licenses proprietary software solutions for workflow management and data communications infrastructure that serve the bankruptcy trustee market and financial services market. Epiq Systems Inc. has a market cap of $498.2 million; its shares were traded at around $14.07 with a P/E ratio of 23 and P/S ratio of 2.1. The dividend yield of Epiq Systems Inc. stocks is 0.9%. Epiq Systems Inc. had an annual average earnings growth of 10.4% over the past 10 years.

For its first quarter 2011, EPIQ Systems Inc. announced total revenues of 54.2 million, compared to $49.1 million prior year quarter. GAAP Net income was $3.1 million compared to $2.3 million prior year quarter. Also during this quarter, the company acquired Encore Discovery Systems for $100 million.

Sell: Executive Vice President & CFO M Braham Elizabeth sold 100,000 shares of EPIQ stock on 06/03/2011 at the average price of 15.16. M Braham Elizabeth owns at least 971,581 shares after this. The price of the stock has decreased by 7.19% since.

Incyte Corp. (INCY): CFO David C Hastings Sold 100,000 Shares

CFO of Incyte Corp. (INCY) David C Hastings sold 100,000 shares on 06/09/2011 at an average price of $17.74. Incyte Corp is a drug discovery company that is using its expertise in genomics, medicinal chemistry and molecular, cellular and in vivo biology to discover and develop novel therapeutics. Incyte Corp. has a market cap of $2.19 billion; its shares were traded at around $17.57 with and P/S ratio of 13.

For its first quarter 2011, Incyte Corp. reported a net loss of $0.21 per share compared to a net loss of $0.30 per share prior year quarter.

Sell: CFO David C Hastings sold 100,000 shares of INCY stock on 06/09/2011 at the average price of 17.74. David C Hastings owns at least 8,500 shares after this. The price of the stock has decreased by 0.96% since.

AVALONBAY COMMUNITIES (AVB): CFO Thomas J Sargeant Sold 73,121 Shares

CFO of AVALONBAY COMMUNITIES (AVB) Thomas J Sargeant sold 73,121 shares on 06/08/2011 at an average price of $132.69. AvalonBay Communities, Inc. is a real estate investment trust. Avalonbay Communities has a market cap of $11.35 billion; its shares were traded at around $130 with a P/E ratio of 31.7 and P/S ratio of 12.6. The dividend yield of Avalonbay Communities stocks is 2.8%.

AVALONBAY COMMUNITIES has released its first quarter 2011 results. For this quarter, the company reported net income of $30.34 million or $0.35 per share compared to net income of $0.88 per share prior year quarter. Diluted FFO per share was $1.08 compared to $0.96 prior year quarter.

Sell: CFO Thomas J Sargeant sold 73,121 shares of AVB stock on 06/08/2011 at the average price of 132.69. Thomas J Sargeant owns at least 135,382 shares after this. The price of the stock has decreased by 2.03% since. General Counsel Edward M Schulman sold 26,771 shares of AVB stock on 06/09/2011 at the average price of 131.92. Senior Vice President James Richard Morris sold 17,147 shares of AVB stock on 05/25/2011 at the average price of 127.5.

Jos. A. Bank Clothiers Inc. (JOSB): EVP, CFO David E Ullman Sold 68,199 Shares

EVP, CFO of Jos. A. Bank Clothiers Inc. (JOSB) David E Ullman sold 68,199 shares on 06/06/2011 at an average price of $47.16. Jos. A. Bank Clothiers, Inc., is a retailer and cataloger of Men's tailored and casual clothing and accessories. Jos. A. Bank Clothiers Inc. has a market cap of $1.25 billion; its shares were traded at around $45.32 with a P/E ratio of 14.4 and P/S ratio of 1.5. Jos. A. Bank Clothiers Inc. had an annual average earnings growth of 25.3% over the past 10 years. GuruFocus rated Jos. A. Bank Clothiers Inc. the business predictability rank of 4-star.

Jos. A. Bank Clothiers Inc. recently reported its first quarter 2011 results. For this quarter, the company reported net income of $17.8 million compared to $15.8 million prior year quarter. Total sales for the quarter were $193.3 million compared to $178.1 million last year. Gross profit margins grew by 120 basis points this quarter.

Sell: EVP, CFO David E Ullman sold 68,199 shares of JOSB stock on 06/06/2011 at the average price of 47.16. David E Ullman owns at least 95,390 shares after this. The price of the stock has decreased by 3.9% since.

METROPCS COMMUNICATIONS INC. (PCS): CFO & Vice Chair J Braxton Carter Ii Sold 106,894 Shares

CFO & Vice Chair of METROPCS COMMUNICATIONS INC. (PCS) J Braxton Carter Ii sold 106,894 shares during the past week at an average price of $17.11. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $5.86 billion; its shares were traded at around $16.32 with a P/E ratio of 20.4 and P/S ratio of 1.5. Metropcs Communications Inc. had an annual average earnings growth of 10.4% over the past 5 years.

Sell: CFO & Vice Chair J Braxton Carter Ii sold 106,894 shares of PCS stock on 06/06/2011 at the average price of 17.11. J Braxton Carter Ii owns at least 234,433 shares after this. The price of the stock has decreased by 4.62% since. Associates Inc Ta sold 600,000 shares of PCS stock throughout the past week. Gen Counsel, Sec & Vice Chair Mark Atkerson Stachiw sold 6,200 shares of PCS stock on 06/02/2011 at the average price of 18.5.

FLOWERS FOODS INC. (FLO): EVP & CFO R Steve Kinsey Sold 150,438 Shares

EVP & CFO of FLOWERS FOODS INC. (FLO) R Steve Kinsey sold 150,438 shares during the past week at an average price of $31.69. Flowers Foods, Inc. is one of the largest producers and marketers of a full line of frozen and non-frozen bakery and dessert products in the United States. Flowers Foods Inc. has a market cap of $2.85 billion; its shares were traded at around $31.58 with a P/E ratio of 20.4 and P/S ratio of 1.1. The dividend yield of Flowers Foods Inc. stocks is 2.5%. Flowers Foods Inc. had an annual average earnings growth of 13.5% over the past 10 years. GuruFocus rated Flowers Foods Inc. the business predictability rank of 4.5-star.

FLOWERS FOODS INC. has released its first quarter 2011 results. During this quarter, the company reported total sales of $801.8 million compared to $795.0 million prior year quarter. Net income was $41.2 million compared to $40.7 million prior year quarter. Gross margin increased 80 basis points to 48.6%

Sell: Chairman of the Board & CEO George E Deese sold 289,505 shares of FLO stock on 06/03/2011 at the average price of 31.95. EVP & CFO R Steve Kinsey sold 150,438 shares of FLO stock throughout the past week at the average price of 31.69. R Steve Kinsey owns at least 121,656 shares after this. The price of the stock has decreased by 0.35% since. SVP & Chief Accounting Officer Karyl H Lauder sold 33,729 shares of FLO stock on 06/07/2011 at the average price of 31.74.

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.

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