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Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
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  • Stock Insiders Buys And Sells 0 comments
    Feb 12, 2013 6:52 PM | about stocks: AKAM, BYI, CPSI, UVSP, AINV, YHOO, IDXX, GOOG, LNKD

    Stock Insiders Buys and Sells by GuruFocus

    Akamai Technologies, Inc. (NASDAQ:AKAM): CEO F Thomson Leighton Bought 50,000 Shares

    CEO of Akamai Technologies, Inc. (AKAM) F Thomson Leighton bought 50,000 shares on 02/08/2013 at an average price of $35.3. Akamai Technologies, Inc. was incorporated in Delaware in 1998. Akamai Technologies, Inc. has a market cap of $6.27 billion; its shares were traded at around $35.3 with a P/E ratio of 32.7 and P/S ratio of 4.9. Akamai Technologies, Inc. had an annual average earnings growth of 15.4% over the past 5 years.

    AKAM recently reported its fourth quarter 2012 financial results. The company reported financial results for the fourth quarter and full-year ended December 31, 2012. Revenue for the fourth quarter 2012 was $378 million, a 9 percent increase over third quarter revenue of $345 million, and a 17 percent increase over fourth quarter 2011 revenue of $324 million. Total revenue for 2012 was $1,374 million, a 19 percent increase over 2011 revenue of $1,159 million.

    Ray Dalio bought 79,106 shares in the quarter that ended on 09/30/2012, which is 0.041% of the $7.44 billion portfolio of Bridgewater Associates. John Hussman owns 500,000 shares as of 12/31/2012, which accounts for 0.54% of the $3.8 billion portfolio of Hussman Economtrics Advisors. PRIMECAP Management owns 82,000 shares as of 09/30/2012, which accounts for 0.0051% of the $61.15 billion portfolio of PRIMECAP Management.

    President - Products & Develop Rick M Mcconnell sold 6,000 shares of AKAM stock on 01/02/2013 at the average price of 42. Rick M Mcconnell owns at least 1,907 shares after this. The price of the stock has decreased by 15.95% since. Other insiders have also decreased their positions in the company.

    Bally Technologies, Inc. (NYSE:BYI): President & CEO Ramesh Srinivasan Bought 25,000 Shares

    President & CEO of Bally Technologies, Inc. (BYI) Ramesh Srinivasan bought 25,000 shares on 02/04/2013 at an average price of $48.95. Bally Technologies, Inc. was incorporated in Nevada on September 30, 1968, under the name Advanced Patent Technologies. Bally Technologies, Inc. has a market cap of $2.01 billion; its shares were traded at around $48.95 with a P/E ratio of 19 and P/S ratio of 2.3. Bally Technologies, Inc. had an annual average earnings growth of 19.4% over the past 10 years.

    Bally recently announced record second-quarter diluted earnings per share ("Diluted EPS") of $0.80 and record second-quarter revenue of $238 million for the three months ended December 31, 2012.

    Joel Greenblatt bought 8,786 shares in the quarter that ended on 09/30/2012, which is 0.029% of the $1.5 billion portfolio of Gotham Capital. Meridian Funds owns 286,700 shares as of 12/31/2012, which accounts for 0.5% of the $2.55 billion portfolio of Meridian Fund.

    Director Robbins David sold 60,000 shares of BYI stock on 02/05/2013 at the average price of 47.6. Robbins David owns at least 278,702 shares after this. The price of the stock has increased by 2.84% since. Other insiders have also decreased their positions in the company.

    Computer Programs and Systems, Inc. (NASDAQ:CPSI): President and CEO John B Jr Douglas Bought 4,100 Shares

    President and CEO of Computer Programs and Systems, Inc. (CPSI) John B Jr Douglas bought 4,100 shares on 02/05/2013 at an average price of $50.35. 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 $557.3 million; its shares were traded at around $50.35 with a P/E ratio of 20.4 and P/S ratio of 3. The dividend yield of Computer Programs And Systems, Inc. stocks is 3.9%. 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 3-star.

    Joel Greenblatt owns 10,039 shares as of 09/30/2012, which accounts for 0.037% of the $1.5 billion portfolio of Gotham Capital.

    CFO, Secretary and Treasurer David A Dye bought 4,100 shares of CPSI stock on 02/05/2013 at the average price of 47.41. David A Dye owns at least 100,150 shares after this. The price of the stock has increased by 6.2% since.

    Univest Corporation of Pennsylvania (NASDAQ:UVSP): Director, Chairman, & CEO William S Aichele Bought 5,853 Shares

    Director, Chairman, & CEO of Univest Corporation of Pennsylvania (UVSP) William S Aichele bought 5,853 shares on 02/07/2013 at an average price of $16.9. Univest Corporation of Pennsylvania is a Pennsylvania corporation organized in 1973 and registered as a bank holding company pursuant to the Bank Holding Company Act of 1956. Univest Corporation Of Pennsylvania has a market cap of $287.9 million; its shares were traded at around $16.9 with a P/E ratio of 13.7 and P/S ratio of 2.6. The dividend yield of Univest Corporation Of Pennsylvania stocks is 4.6%.

    Univest reported net income of $5.1 million or $0.30 diluted earnings per share for the quarter ended December 31, 2012, a 3% decrease in net income compared to $5.3 million or $0.32 diluted earnings per share for the quarter ended December 31, 2011. For the year ended December 31, 2012, Univest reported net income of $20.9 million or $1.24 diluted earnings per share, compared to $18.9 million or $1.13 diluted earnings per share for the same period in the prior year.

    Senior Executive VP Kenneth D Hochstetler bought 2,147 shares of UVSP stock on 02/07/2013 at the average price of 16.4. Kenneth D Hochstetler owns at least 43,445 shares after this. The price of the stock has increased by 3.05% since. Other insiders have also decreased their positions in the company.

    Apollo Investment Corp (NASDAQ:AINV): CEO James C Zelter Bought 10,000 Shares

    CEO of Apollo Investment Corp (AINV) James C Zelter bought 10,000 shares on 02/08/2013 at an average price of $8.33. Apollo Investment Corporation a Maryland corporation organized on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Apollo Investment Corp has a market cap of $1.69 billion; its shares were traded at around $8.33 with a P/E ratio of 11.5 and P/S ratio of 5.5. The dividend yield of Apollo Investment Corp stocks is 9.6%.

    AINV recently announced financial results for its third fiscal quarter ended December 31, 2012. The Company's net investment income was $0.21 per share for the quarter ended December 31, 2012 compared to $0.22 for the quarter ended September 30, 2012.

    Leon Cooperman owns 150,000 shares as of 09/30/2012, which accounts for 0.024% of the $4.99 billion portfolio of Omega Advisors. David Williams owns 4,550,000 shares as of 12/31/2011, which accounts for 0.65% of the $4.48 billion portfolio of Columbia Value and Restructuring Fund.

    Yahoo! Inc (NASDAQ:YHOO): Director Daniel S. Loeb Sold 11,000,400 Shares

    Director of Yahoo! Inc (YHOO) Daniel S. Loeb sold 11,000,400 shares on 02/01/2013 at an average price of $20.49.

    Yahoo! Inc. was founded in 1994. Yahoo! Inc., together with its consolidated subsidiaries, is a premier digital media company. Yahoo! Inc has a market cap of $24.25 billion; its shares were traded at around $20.49 with a P/E ratio of 6.3091 and P/S ratio of 5.0429. Yahoo! Inc. had an annual average earnings growth of 15.1% over the past 10 years.

    On Jan. 28, 2013, Yahoo! Inc. announced fourth quarter earnings. GAAP net earnings per diluted share was $0.23 in the fourth quarter of 2012, compared to $0.24 in the fourth quarter of 2011. Non-GAAP net earnings per diluted share was $0.32 in the fourth quarter of 2012, compared to $0.25 in the fourth quarter of 2011. GAAP net earnings per diluted share was $3.28 for the full year of 2012, compared to $0.82 for the prior year. For the full year of 2012, GAAP net earnings included a net gain of $2,755 million, or $2.29 per diluted share, related to the sale of Alibaba shares. Non-GAAP net earnings per diluted share was$1.17 for the full year of 2012, compared to $0.81 for the prior year.

    Senior Vice President, Global Controller and CAO Aman S. Kothari sold 21,250 shares of YHOO stock on 10/26/2012 at the average price of $16.75. Aman S. Kothari owns at least 108,424 shares after this. The price of the stock has increased by 22.33% since.

    Idexx Laboratories (NASDAQ:IDXX): Executive Vice President and CFO Merilee Raines Sold 175,929 Shares

    Executive Vice President and CFO of Idexx Laboratories (IDXX) Merilee Raines sold 175,929 shares on 02/04/2013 at an average price of $93.55.

    Idexx Laboratories is a Delaware corporation and was incorporated in 1983. Idexx Laboratories has a market cap of $5.12 billion; its shares were traded at around $93.55 with a P/E ratio of 30.581 and P/S ratio of 4.122. Idexx Laboratories had an annual average earnings growth of 16.6% over the past 10 years. GuruFocus rated Idexx Laboratories the business predictability rank of 5-star.

    On Jan. 29, 2013 IDEXX Laboratories, Inc. reported that revenues for the fourth quarter of 2012 increased 4% to $319.5 million, from $307.2 million for the fourth quarter of 2011. Organic revenue growth1 was 4%. Earnings per diluted share (NYSEARCA:EPS) for the quarter ended Dec. 31, 2012 increased 16% to $0.78, compared to $0.67 for the same period in the prior year. Fourth quarter 2012 EPS includes a $3.5 million milestone payment earned related to the 2008 sale of product rights previously included in our pharmaceutical product line, which added $0.04 to EPS. Fourth quarter 2011 EPS included a similar milestone payment, which added $0.03 to EPS. Revenues for the year ended Dec. 31, 2012 increased 6% to $1.293 billion, from $1.219 billion for the year ended Dec. 31, 2011. Organic revenue growth for the year ended Dec. 31, 2012 was 7%. Changes in foreign currency exchange rates reduced revenue growth by 2% and revenue from acquisitions contributed 1% to revenue growth for the year ended December 31, 2012.

    Executive Vice President and CFO Merilee Raines sold 7,726 shares of IDXX stock on 11/14/2012 at the average price of $90.27. Merilee Raines owns at least 159,451 shares after this. The price of the stock has increased by 3.63% since.

    Google Inc. (NASDAQ:GOOG): Director Kavitark Ram Shriram Sold 20,004 Shares

    Director of Google Inc. (GOOG) Kavitark Ram Shriram sold 20,004 shares on 02/01/2013 at an average price of $785.6.

    Google Inc. was incorporated in California in September 1998 and reincorporated in Delaware in August 2003. Google Inc. has a market cap of $258.91 billion; its shares were traded at around $785.6 with a P/E ratio of 24.3309 and P/S ratio of 5.0531. Google Inc. had an annual average earnings growth of 37% over the past 10 years. GuruFocus rated Google Inc. the business predictability rank of 3-star.

    On Jan. 20, 2011 Google Inc. announced financial results for the quarter and the fiscal year ended Dec. 31, 2010. Google reported revenues of $8.44 billion for the quarter ended December 31, 2010, an increase of 26% compared to the fourth quarter of 2009. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (NYSE:TAC). In the fourth quarter of 2010, TAC totaled $2.07 billion, or 25% of advertising revenues. Google reports operating income, operating margin, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables.

    Senior Vice President and Chief Business Officer Nikesh Arora sold 1,300 shares of GOOG stock on 02/01/2013 at the average price of $758.2. Nikesh Arora owns at least 248 shares after this. The price of the stock has increased by 3.61% since.

    LinkedIn Corp (NYSE:LNKD): Senior Vice President, Products, User Experience Dipchand Nishar Sold 64,625 Shares

    Senior Vice President, Products, User Experience of LinkedIn Corp (LNKD) Dipchand Nishar sold 64,625 shares on 02/01/2013 at an average price of $151.51.

    LinkedIn Corp incorporated in Delaware in March 2003 under the name LinkedIn Ltd. Linkedin Corp has a market cap of $16.17 billion; its shares were traded at around $151.51 with a P/E ratio of 1000 and P/S ratio of 20.0401.

    On Feb. 7, 2013 LinkedIn Corporation reported its financial results for the fourth quarter and full year ended Dec. 31, 2012: Revenue for the fourth quarter was $303.6 million, an increase of 81% compared to $167.7 million in the fourth quarter of 2011. Net income for the fourth quarter was $11.5 million, compared to net income of $6.9 million for the fourth quarter of 2011. Non-GAAP net income for the fourth quarter was $40.2 million, compared to $13.3 million for the fourth quarter of 2011. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.

    Senior Vice President, Products, User Experience Dipchand Nishar sold 64,625 shares of LNKD stock on 02/01/2013 at the average price of $124.32. Dipchand Nishar owns at least 50,120 shares after this. The price of the stock has increased by 21.87% since.

    Insider Cow

    Profit From Insider Trading
    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward. This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd. In general, insider buys are more useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

    What Is Legal and Illegal Insider Trading?

    Insider trading can commonly mean two things. Illegal and legal insider trading. In the simplest terms its the buying or selling of a security by someone who has access to material nonpublic information about the security.

    Insider trading can either be legal or illegal. Its illegal when information about a company is not public and any trading done with its stock is unfair to other investors and traders who don't know or have access to the information. So illegal insider trading normally happens when others are informed of such non-public information. Company directors and board members as well as brokers and close relatives can be found guilty of insider trading.

    Legal insider trading is when company information has been made public, then the company insider does not have an advantage over other investors and traders. Part of legal insider trading practices is the filing of all insider transactions with the Federal Securities Exchange Commission. The potential exists for non-insiders to profit from insider buying and selling is to analyze company insiders buy sell transaction reports. If an insider is buying or selling especially in large amounts it could be an indication the companies earnings performance and subsequent stock price could be affected providing reqular investors and traders to profit from.

    Guru Focus

    Stock Picks of Guru Investors
    GuruFocus is dedicated to value investing. As employed by Warren Buffett, the greatest investor of all time, value investing is the only winning strategy for the long term. GuruFocus hosts numerous value screeners and research tools, and regularly publishes articles about value investing strategies and ideas. GuruFocus also publishes three newsletters: Monthly Ben Graham Net-Net, Buffett-Munger Best Bargains and Microcap Magic Formula Stocks.

    Why Track Insiders Buying and Selling Their Own Stock?

    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward.

    This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd.

    Further, insider buys are especially useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

    Stocks: AKAM, BYI, CPSI, UVSP, AINV, YHOO, IDXX, GOOG, LNKD
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