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Weekly Top Insider Buys: FedEx Corp., Synovus Financial Corp., The Macerich Company, Hologic Inc., Sapient Corp.

June 22, 2008 | About:

Weekly highlight of top insider buys. Related companies: FedEx Corp. (FDX), Synovus Financial Corp. (SNV), The Macerich Company (MAC), Hologic Inc. (HOLX), Sapient Corp. (SAPE).

FedEx Corp. (FDX): Director Gary W. Loveman Bought 5,000 Shares

Despite a 8% revenue increase to $9.87 billion, delivery company FedEx Corporation (FDX) lost $241 million or $0.78 for the fourth quarter, compared to a previous profit of $610 million or $1.96 a share. This is the first loss in the last eleven years. Hike in fuel prices directly affected the company’s profits; also, $696 million in impairment charges related to the acquisition of Kinkos also set back net income.

George Soros, Arnold Van Den Berg, David Dreman, HOTCHKIS & WILEY, Bill Nygren, and Mason Hawkins bought shares of FedEX. As Dodge & Cox, Mark Hillman,

Kenneth Fisher, and Jean-Marie Eveillard kept their shares unchanged, Ron Baron reduced his Fedex holdings 27%.

Directors Gary W. Loveman and John A. Edwardson bought 5,000 shares and 2,500 shares, respectively on 6/19/08 at $82.84; since of January, Director Loveman has purchased a total of 10,259 shares between $81.09 and $92.19.

Insiders sold at $90.33 to $96.33 since December: Chairman, President, & CEO Frederick W. Smith sold a total of 175,800 shares; President, CEO of FedEx Express David J. Bronczek sold 60,000 shares; EVP Alan B. Graf Jr. sold 29,183 shares; Director Peter S. Willmott sold 20,000 shares; EVP Robert B. Carter sold 10,710 shares; and Director Joshua I. Smith sold 4,800 shares.

FedEx Corp. has a market cap of $24.97 billion; its shares were traded at around $80.54 with a P/E ratio of 12.71 and P/S ratio of 0.68. The dividend yield of FedEx Corp. stocks is 0.51%.

Synovus Financial Corp. (SNV): Director Daniel P. Amos Bought 200,000 Shares

Georgia-based holding company, Synovus Financial Corp. (SNV), declared their quarterly dividend at $0.17 per share. The company recently announced plans to combine assets and their two banks, National Bank of Walton County and Athens First bank.

John Keeley bought 559,340 shares and Ruane Cunniff has 42,966 shares as of 3/31/08.

Director Daniel P Amos and EVP Samuel F. Hatcher bought 200,000 shares, and 22,000 shares, respectively on 6/13/08 at $9.30. As of February, Director Frank W. Brumley bought 9,000 shares at $11.70 to $12.31, and Director William B. Turner Jr. bought 3,950 shares at $12.60.

Advisory Director Joe E. Beverly sold 33,807 shares on 4/29/08 at $11.88.

Synovus Financial Corp. has a market cap of $2.92 billion; its shares were traded at around $8.84 with a P/E ratio of 6.34 and P/S ratio of 2.27. The dividend yield of Synovus Financial Corp. stocks is 7.13%.

The Macerich Company (MAC): Chairman of the Board, Director Mace Siegel Bought 11,200 Shares

REIT Macerich Company (MAC) reported a giant increase in quarterly increase from $6.1 million or $0.05 a share in 2007 to $98.1 million or $1.30 this year. The company’s revenue rose nearly 10% to $105.3 million from $96.0 million for the quarter. MAC sets their dividend for the quarter at $0.80 per share.

Chris Davis owns 700,000 shares of MAC, while Ken Heebner sold out his MAC holdings in the quarter that ended on 3/31/08.

Chairman of the Board, Director Mace Siegel bought 11,200 shares on 6/13/08 at $66.72. Director Mace Siegel also bought 12,100 shares on 3/14/08 at $61.60.

In March, insiders made their sells between $64.62 and $71.32: EVP Richard A. Bayer sold 15,743 shares; EVP John M. Genovese sold 10,000 shares; EVP & CFO Hern Thomas E. O sold 7,000 shares; and finally EVP Randy L. Brant sold 6,400 shares.

The Macerich Company has a market cap of $4.95 billion; its shares were traded at around $66.18 with a P/E ratio of 29.06 and P/S ratio of 5.04. The dividend yield of The Macerich Company stocks is 4.76%.

Hologic Inc. (HOLX): Director C. William Mcdaniel Bought 20,000 Shares

Hologic, Inc. (HOLX), which makes medical imaging systems, plans to buy Third Wave Technologies for $580 million. Jack Cumming replaced the company’s now resigned Chairman Patrick Sullivan. Hologic earned for the quarter $56 million or $0.22 a share compared to last year’s $21.6 million or $0.20 a share. Revenue over-doubled to $431 million from $181 million.

Jean-Marie Eveillard and Irving Kahn have holdings in HOLX.

Director C William Mcdaniel bought 20,000 shares on 6/13/08 at $23.41.

Insiders sold around $70 a share in January: Director Arthur G. Lerner sold 42,000 shares; Director Sally Crawford sold 6,960 shares; EVP and CFO Glenn P. Muir and Director Wayne Wilson each sold 5,000 shares; and Director Laurie Fajardo sold 4,000 shares.

Hologic Inc. has a market cap of $5.87 billion; its shares were traded at around $22.96 with P/S ratio of 4.98.

Sapient Corp. (SAPE): Director Darius W. Gaskins Jr. Bought 48,000 Shares

Sapient Corporation (SAPE) provides business, marketing, and technology consulting services worldwide. The company offers its services in the areas of business and information technology (IT) strategy, business applications, and business intelligence. The company’s service revenue totaled $154.2 million for the first quarter, which was 27% higher than last year’s. Quarterly GAAP income from operations was $5.8 million or $0.06 per diluted share, compared to $0.1 million loss or $0.01 in 2007.

Director Darius W. Gaskins Jr. bought 48,000 shares on 6/16/08 at $6.95, and bought 14,000 shares on 6/9/08 at $6.55. Director Vijay Singal bought 4,500 shares on 6/6/08 at $6.66, and Director Ashok Shah bought 2,000 shares on 6/16/08 at $7.05.

10% Owner Jerry A. Greenberg has sold a total of 91,800 shares on 6/18/08 at $6.92. Also, Director, 10% Owner J. Stuart Moore sold 30,000 shares on 6/13/08 at $6.69.

Sapient Corp. has a market cap of $864.00 million; its shares were traded at around $6.81 with a P/E ratio of 40.54 and P/S ratio of 1.47.

  • 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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