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

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Apr 10, 2011
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. (PAY, Financial): CFO Robert R B Dykes Sold 129,082 Shares



CFO of VERIFONE SYSTEMS INC. (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. (LPSN, Financial): President and CFO Timothy E Bixby Sold 115,000 Shares



President and CFO of LivePerson Inc. (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, Financial): 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, Financial): 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. (M, Financial): CFO Karen M Hoguet Sold 76,744 Shares



CFO of Macys Inc. (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. (TPX, Financial): Executive VP & CFO Dale E Williams Sold 70,000 Shares



Executive VP & CFO of TEMPURPEDIC INTERNATIONAL INC. (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. (LVLT, Financial): Executive VP and CFO Sunit S Patel Sold 67,900 Shares



Executive VP and CFO of Level 3 Communications Inc. (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.