Weekly CFO Buys Highlight: Cousins Properties, First Busey, USA Technologies

Recent insider buys from the past week

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Sep 22, 2015
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According to GuruFocus insider data, the recent CFO buys were: Cousins Properties Inc. (CUZ, Financial), First Busey Corp. (BUSE, Financial) and USA Technologies Inc. (USAT, Financial).

Cousins Properties Inc.: EVP and CFO Gregg D. Adzema bought 10,000 shares

On Sept. 10, Adzema bought 10,000 shares at an average price of $9.08. The price of the stock has increased by 2.75%. Cousins Properties has a market cap of $2.02 billion and its shares were traded at around $9.33. The company has a P/E ratio of 34.90 and P/S ratio of 5.24 with a dividend yield of 3.38%.

Cousins Properties announced its 2015 second-quarter results with revenues of $97.9 million, gross profit of $56.52 million and net income of $7.95 million.Â

On Sept. 11, President and CEO Lawrence L. Gellerstedt bought 27,000 shares at an average price of $9.24. The price of the stock has increased by 0.97%. On Sept. 11, Chief Investment Officer Michael Colin Connolly bought 5,000 shares at an average price of $9.23. The price of the stock has increased by 1.08%. On Sept. 9, chairman of the board Taylor S. Glover bought 110,000 shares at an average price of $9.07. The price of the stock has increased by 2.87%.

First Busey Corp: EVP and CFO Robin N. Elliott bought 13,300 shares

On Sept. 15, Elliott bought 2,000 shares at an average price of $18.16. The price of the stock has increased by 4.96%. First Busey has a market cap of $1.66 billion and its shares were traded at around $19.06. The company has a P/E ratio of 16.50 and P/S ratio of 3.31 with a dividend yield of 3.15%.

First Busey announced its 2015 second-quarter results with revenues of $45.53 million, while net income was $9.94 million. The 2014 total revenue was $167.02 million, a 2% increase from the year prior. The 2014 net income was $32.77 million.

On July 6, Director Jon D. Stewart bought 113 shares at an average price of $58.05. The price of the stock has decreased by 67.17%.Â

USA Technologies Inc.: CFO James Duncan Smith bought 7,500 shares

On Sept. 14, CFO James Duncan Smith bought 7,500 shares at an average price of $2.98. The price of the stock has increased by 9.4%. USA Technologies has a market cap of $116.581 million and its shares were traded at around $3.26. The company has a P/S ratio of 2.25.

USA Technologies announced its 2015 first-quarter results with revenues of $15.36 million and gross profit of $5.15 million. The 2014 total revenue was $42.35 million, an 18% increase from the year prior.Â

On June 12, Director Albin F. Moschner sold 7,065 shares at an average price of $3.03. The price of the stock has increased by 7.59%.