ITT Educational Services Inc. (ESI) CEO Kevin M Modany sells 13,569 Shares

CEO of ITT Educational Services Inc. (ESI) Kevin M Modany sells 13,569 shares of ESI on 01/30/2012 at an average price of $64.7 a share.

Itt Educational Services Inc. has a market cap of $1.73 billion; its shares were traded at around $65 with a P/E ratio of 5.9 and P/S ratio of 1.2. Itt Educational Services Inc. had an annual average earning growth of 35.5% over the past 10 years. GuruFocus rated Itt Educational Services Inc. the business predictability rank of 4.5-star.

This is the annual revenues and earnings per share of ESI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ESI.

CEO Recent Trades:

• CEO Kevin M Modany sold 8,831 shares of ESI stock on 01/19/2012 at the average price of 75. Kevin M Modany owns at least 18,477 shares after this. The price of the stock has decreased by 13.33% since.

CFO Recent Trades:

• EVP, CFO Daniel M Fitzpatrick sold 2,500 shares of ESI stock on 01/19/2012 at the average price of 70. Daniel M Fitzpatrick owns at least 2,380 shares after this. The price of the stock has decreased by 7.14% since.

This is the insider trade history vs. stock price of ESI. For the complete insider trading history of ESI, click here.

Directors and Officers Recent Trades:

• EVP & Pres ITT Tech Inst Div Eugene W Feichtner sold 13,700 shares of ESI stock on 01/17/2012 at the average price of 65.07. Eugene W Feichtner owns at least 12,273 shares after this. The price of the stock has decreased by 0.11% since.
• EVP & Pres ITT Tech Inst Div Eugene W Feichtner sold 7,400 shares of ESI stock on 01/13/2012 at the average price of 65.01. Eugene W Feichtner owns at least 12,273 shares after this. The price of the stock has decreased by 0.02% since.
• EVP & Pres ITT Tech Inst Div Eugene W Feichtner sold 3,700 shares of ESI stock on 01/11/2012 at the average price of 65.09. Eugene W Feichtner owns at least 12,273 shares after this. The price of the stock has decreased by 0.14% since.
• EVP, Chief Marketing Officer Glenn E Tanner sold 7,500 shares of ESI stock on 01/11/2012 at the average price of 64.59. Glenn E Tanner owns at least 8,654 shares after this. The price of the stock has increased by 0.63% since.

For the complete insider trading history of ESI, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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