Weekly CFO Sells Highlight: UNH, STMP, FTNT, TMK

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Nov 06, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: United Health Group Inc., Stamps.com Inc., Fortinet Inc., Torchmark Corp., and Manhattan Associates Inc.


UnitedHealth Group Inc. (UNH, Financial): Executive Vice President, CFO and President UHG Operations David S. Wichmann Sold 300,000 Shares


Executive Vice President, CFO and President UHG Operations of UnitedHealth Group Inc. (UNH) David S. Wichmann sold 300,000 shares on 10/28/2011 at an average price of $48.88. UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $49.05 billion; its shares were traded at around $45.58 with a P/E ratio of 10.2 and P/S ratio of 0.6. The dividend yield of Unitedhealth Group Inc. stocks is 1.5%. Unitedhealth Group Inc. had an annual average earnings growth of 19% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 4-star.


UnitedHealth Group Inc. recently reported its third quarter 2011 results. During this quarter, the company saw revenues of $25.3 billion, an increase of 7% from prior year quarter. Net income was $1.17 per share, an increase of $0.03 from last year. Adjusted cash flow from operations was reported at $2.6 billion for this quarter.


Executive Vice President, CFO and President UHG Operations David S Wichmann sold 300,000 shares of UNH stock on 10/28/2011 at the average price of $48.88. David S. Wichmann owns at least 219,004 shares after this. The price of the stock has decreased by 6.75% since. Director William C. Ballard Jr. and EVP William A. Munsell both also sold shares of UNH stock.


Stamps.com Inc. (STMP, Financial): CFO Kyle Huebner Sold 157,106 Shares


CFO Kyle Huebner sold 157,106 shares of STMP stock on 11/03/2011 at the average price of 28.79. Kyle Huebner owns at least 960 shares after this. The price of the stock has decreased by 1.39% since.


Stamps.com provides easy, convenient and cost-effective Internet -based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime. Stamps.com Inc. has a market cap of $405.7 million; its shares were traded at around $28.39 with a P/E ratio of 31.8 and P/S ratio of 4.8.


CEO Kenneth Thomas Mcbride and CFO Kyle Huebner sold shares of STMP stock.


Fortinet Inc. (FTNT, Financial): Vice President and CFO Kenneth A. Goldman Sold 66,520 Shares


Vice President and CFO of Fortinet Inc. (FTNT) Kenneth A Goldman sold 66,520 shares on 11/01/2011 at an average price of $22.27. Fortinet Inc., headquartered in Sunnyvale, Calif., is a provider of network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide. Fortinet Inc. has a market cap of $3.78 billion; its shares were traded at around $24.69 with a P/E ratio of 64.1 and P/S ratio of 11.8.


Fortinet Inc. reported third quarter revenues of $116.4 million, an increase of 37% from prior year quarter. GAAP EPS was $0.11 and net income was $17.9 million, up 28% from last year. Free cash flow was reported at $34.7 million.


President and CEO, 10% Owner Ken Xie, Vice President and CFO Kenneth A. Goldman, and Vice President and General Counsel John Whittle all sold shares of FTNT stock during the past week.


Torchmark Corp. (TMK, Financial): Executive Vice President and CFO Gary L. Coleman Sold 65,000 Shares


Executive Vice President and CFO Gary L. Coleman sold 65,000 shares of TMK stock on 10/31/2011 at the average price of $41.46. Gary L. Coleman owns at least 340,500 shares after this. The price of the stock has increased by 0.34% since.


Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies. Torchmark Corp. has a market cap of $4.37 billion; its shares were traded at around $41.6 with a P/E ratio of 9.3 and P/S ratio of 1.5. The dividend yield of Torchmark Corp. stocks is 1.2%. Torchmark Corp. had an annual average earnings growth of 2.5% over the past 10 years. GuruFocus rated Torchmark Corp. the business predictability rank of 3.5-star.


Torchmark Corp has released its third quarter 2011 results. During this quarter, the company reported EPS of $1.30, as compared to $0.94 prior year quarter.


Manhattan Associates Inc. (MANH, Financial): Senior Vice President and CFO Dennis B. Story Sold 59,620 Shares


Senior Vice President and CFO of Manhattan Associates Inc. (MANH) Dennis B. Story sold 59,620 shares on 11/02/2011 at an average price of $41.82. Manhattan Associates is a provider of technology-based solutions to improve supply chain effectiveness and efficiencies. Manhattan Associates Inc. has a market cap of $918.9 million; its shares were traded at around $43.44 with a P/E ratio of 24.2 and P/S ratio of 3. Manhattan Associates Inc. had an annual average earnings growth of 7% over the past 10 years. GuruFocus rated Manhattan Associates Inc. the business predictability rank of 4-star.


Manhattan Associates Inc. recently released its third quarter 2011 results. During this quarter, the company reported adjusted EPS of $0.70, compared to $0.28 prior year quarter. GAAP operating income was $19.4 million and cash flow from operations was $16.9 million.


President, CEO and Director Peter F. Sinisgalli, Senior Vice President and CFO Dennis B. Story, Executive Vice President Americas Operations Jeffrey S. Mitchell, Director Deepak Raghavan, and Director Thomas E. Noonan all sold shares of MANH stock during the past week.


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