Weekly CFO Buys Highlight

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Feb 11, 2013
According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



Sun Bancorp Inc. (SNBC, Financial): Executive Vice President and CFO Thomas R. Brugger Bought 20,000 Shares

Executive Vice President and CFO of Sun Bancorp Inc. (SNBC) Thomas R. Brugger bought 20,000 shares on 01/30/2013 at an average price of $3.43.

Sun Bancorp Inc. is a New Jersey corporation. The company serves as a holding company for Sun National Bank. Sun Bancorp Inc. has a market cap of $296.958 million; its shares were traded at around $3.45 with and P/S ratio of 2.2952.

On Jan. 23, 2013, Sun Bancorp Inc. reported a net loss available to common shareholders of $25.0 million, or $0.29 per diluted share, for the quarter ended Dec. 31, 2012, compared to a net loss available to common shareholders of $1.5 million, or $0.02 per diluted share, for the fourth quarter of 2011.

Senior Vice President, Quality, Engineer and Info Systems Steven M. Korwin sold 3,421 shares of SPA stock on 08/31/2012 at the average price of $10. Steven M. Korwin owns at least 36,684 shares after this. The price of the stock has increased by 51% since.

Computer Programs and Systems Inc. (CPSI, Financial): CFO, Secretary and Treasurer David A. Dye Bought 4,100 Shares

CFO, Secretary and Treasurer of Computer Programs and Systems Inc. (CPSI) David A. Dye bought 4,100 shares on 02/05/2013 at an average price of $47.41.

Computer Programs and Systems Inc. is a healthcare information technology company that designs, develops, markets, installs and supports computerized information technology that effectively address the specific needs of small and midsize hospitals. Computer Programs And Systems Inc. has a market cap of $541.92 million; its shares were traded at around $48.97 with a P/E ratio of 19.7628 and P/S ratio of 3.0479. The dividend yield of Computer Programs And Systems Inc. stocks is 3.86%. Computer Programs and Systems Inc. had an annual average earnings growth of 11.6% over the past 10 years. GuruFocus rated Computer Programs And Systems Inc. the business predictability rank of 4-star.

On Jan. 31, 2013, Computer Programs and Systems Inc. announced results for the fourth quarter and year ended Dec. 31, 2012.Total revenues for the fourth quarter ended Dec. 31, 2012, were $47.9 million, compared with total revenues of $42.2 million for the prior-year fourth quarter. Net income for the quarter ended Dec. 31, 2012, increased 39% to $9.1 million, or $0.83 per diluted share, compared with $6.6 million, or $0.59 per diluted share, for the quarter ended Dec. 31, 2011. Total revenues for the fourth quarter ended Dec. 31, 2012, were $47.9 million, compared with total revenues of $42.2 million for the prior-year fourth quarter. Net income for the quarter ended Dec. 31, 2012, increased 39% to $9.1 million, or $0.83 per diluted share, compared with $6.6 million, or $0.59 per diluted share, for the quarter ended Dec. 31, 2011.

Senior Vice President, Product Development Services Michael K. Muscat Jr. bought 3,600 shares of CPSI stock on 02/06/2013 at the average price of $47.81. Michael K. Muscat Jr. owns at least 354,855 shares after this. The price of the stock has increased by 2.43% since.

Pixelworks Inc. (PXLW, Financial): Vice President, CFO and Treasurer Steven L. Moore Bought 3,000 Shares

Vice President, CFO and Treasurer of Pixelworks Inc. (PXLW) Steven L. Moore bought 3,000 shares on 01/31/2013 at an average price of $1.91.

Pixelworks Inc. was founded in 1997 and is incorporated under the laws of the state of Oregon. Pixelworks Inc. has a market cap of $43.0578 million; its shares were traded at around $2.34 with and P/S ratio of 0.6742.

On Jan. 31, 2013, Pixelworks Inc. announced financial results for the fourth quarter ended Dec. 31, 2012. Fourth quarter 2012 revenue was $13.6 million, compared to $16.3 million reported in the third quarter of 2012 and $16.8 million in the fourth quarter of 2011. The decline in revenue was primarily due to a weak macro environment across the company’s product lines. On a GAAP basis, gross profit margin in the fourth quarter of 2012 was 48.6%, compared to 47.8% in the third quarter of 2012 and 47.1% in the fourth quarter of 2011. Fourth quarter 2012 GAAP operating expenses were $9.8 million, compared with $8.3 million in the previous quarter and $9.5 million in the fourth quarter of 2011. For the fourth quarter of 2012, the company recorded a GAAP net loss of $3.6 million, or $0.19 per share, compared to a GAAP net loss of $0.4 million, or $0.02 per share, in the third quarter of 2012 and GAAP net loss of$2.0 million, or $0.11 per share, in the fourth quarter of 2011.

10% Owner Drapkin Management LP Becker bought 91,500 shares of PXLW stock on 10/25/2012 at the average price of $2.44. Drapkin Management LP Becker owns at least 885,546 shares after this. The price of the stock has decreased by 4.1% since.

For the complete list of stocks that were bought by their CFOs, go to: Insider Buys.