Weekly CFO Sells Highlight: MEI, EPAM, PVH, CBU, TRV

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Jul 01, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Methode Electronics Inc., EPAM Systems Inc., PVH Corp, Community Bank System Inc. and Travelers Companies Inc.

Methode Electronics Inc. (MEI, Financial): CFO Douglas A. Koman Sold 35,000 Shares

CFO Douglas A. Koman sold 35,000 shares of MEI stock on 06/25/2013 at the average price of $15.97. Douglas A. Koman owns at least 199,042 shares after this. The price of the stock has increased by 6.51% since.

Methode Electronics Inc. was incorporated in 1946 as an Illinois corporation and reincorporated in Delaware in 1966. Methode Electronics Inc. has a market cap of $630.633 million; its shares were traded at around $17.01 with a P/E ratio of 15.75 and P/S ratio of 1.30. The dividend yield of Methode ElectronicsInc. stocks is 1.65%.

Methode Electronics Inc. recently released results for its fourth quarter of 2013 ended April 27, 2013. The company increased net sales by 17.3% year-over-year to $148.3 million. Net income increased $4.3 million to $10.1 million ($0.21 per share) with income tax benefit of $7.0 million.

CEO Donald W. Duda sold 25,000 shares of MEI stock on 06/26/2013 at the average price of $16.01.

EPAM Systems Inc (EPAM, Financial): Senior VP, CFO, Treasurer Ilya Cantor Sold 26,530 Shares

Senior VP, CFO, Treasurer Ilya Cantor sold 26,530 shares of EPAM stock on 06/27/2013 at the average price of $27.16. Ilya Cantor owns at least 20,000 shares after this. The price of the stock has decreased by 0.22% since.

EPAM Systems Inc. was incorporated in the State of Delaware on Dec. 18, 2002. Epam Systems Inc. has a market cap of $1.2 billion; its shares were traded at around $27.10 with a P/E ratio of 24.70 and P/S ratio of 2.74.

EPAM Systems Inc. recently reported first quarter revenue of $124.2 million, up 31.6% from the prior year quarter. GAAP income from operations was $15.5 million, an increase of 12.7% from the $13.8 million generated last year. Diluted EPS was flat at $0.27.

CEO, President, Chairman Arkadiy Dobkin, President of EU Operations, EVP Karl Robb and multiple other insiders all also sold shares of EPAM stock over the past two weeks.

PVH Corp (PVH, Financial): Executive VP, CFO and COO Michael A. Shaffer Sold 19,000 Shares

Executive VP, CFO amd COO Michael A. Shaffer sold 19,000 shares of PVH stock on 06/24/2013 at the average price of $120.27. Michael A. Shaffer owns at least 46,259 shares after this. The price of the stock has increased by 3.97% since.

PVH Corp was incorporated in the State of Delaware in 1976 as the successor to a business begun in 1881. PVH Corp has a market cap of $10.13 billion; its shares were traded at around $125.05 with a P/E ratio of 31.35 and P/S ratio of 1.53. The dividend yield of PVH Corp stocks is 0.12%. PVH Corp had an annual average earnings growth of 11% over the past 10 years.

PVH Corp recently reported first quarter 2013 GAAP loss per share of $0.25 compared to earnings of $1.30 per share prior year quarter. On a non-GAAP basis, EPS were $1.91 compared to $1.33 last year.

Chairman & CEO Emanuel Chirico sold 47,296 shares of PVH stock on 06/24/2013 at the average price of $119.85. SVP, Corporate Controller Bruce Goldstein, COO Ludovicus Rudolph Onnink and multiple other insiders have all also sold shares of PVH stock.

Community Bank System Inc. (CBU, Financial): CFO Scott Allen Kingsley Sold 15,000 Shares

CFO Scott Allen Kingsley sold 15,000 shares of CBU stock on 06/25/2013 at the average price of $30.09. Scott Allen Kingsley owns at least 24,984 shares after this. The price of the stock has increased by 2.63% since.

Community Bank System Inc. was incorporated on April 15, 1983, under the Delaware General Corporation Law. Community Bank System Inc. has a market cap of $1.22 billion; its shares were traded at around $30.88 with a P/E ratio of 15.80 and P/S ratio of 3.66. The dividend yield of Community Bank System Inc. stocks is 3.50%. Community Bank System Inc. had an annual average earnings growth of 2.6% over the past 10 years.

Community Bank System has released its first quarter 2013 results. Net income for the quarter was $20.2 million, an increase of 7.5% from the first quarter of 2012. Diluted EPS were $0.50 compared to $0.48 prior year quarter. Total revenue for the quarter was $84.5 million.

Travelers Companies Inc. (TRV, Financial): Vice Chairman and CFO Jay S. Benet Sold 14,475 Shares

Vice Chairman and CFO Jay S Benet sold 14,475 shares of TRV stock on 06/21/2013 at the average price of $79.81. Jay S. Benet owns at least 55,021 shares after this. The price of the stock has increased by 0.14% since.

Travelers Companies Inc. is incorporated as a general business corporation under the laws of the state of Minnesota and is the oldest insurance organizations in the United States, dating back to 1853. Travelers Companies, Inc. has a market cap of $30.24 billion; its shares were traded at around $79.92 with a P/E ratio of 12.05 and P/S ratio of 1.20. The dividend yield of Travelers Companies Inc. stocks is 2.35%. Travelers Companies Inc. had an annual average earnings growth of 2.6% over the past 10 years.

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