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Weekly CFO Buys Highlight: Comverse Inc, Valley National Bancorp, and Wingstop Inc.

According to GuruFocus Insider Data, the recent CFO buys were: Comverse Inc. (CNSI), Valley National Bancorp (VLY), and Wingstop Inc. (WING).

Comverse Inc. (CNSI): SVP and CFO Jacky Wu bought 1,490 shares

On 06/23/2015, SVP and CFO Jacky Wu bought 1,490 shares at an average price of $20.08. The price of the stock has increased by 2.99%. Comverse Inc. has a market cap of $453.662 million and its shares were traded at around $20.68. The company has a P/S ratio of 1.13.


Comverse Inc. announced its 2015 second-quarter results with revenues of $25.71 million and gross profit of $1.95 million; the net income was $26.66 million. The 2015 total revenue was $477.31 million, a 27% decrease from the 2014 total revenue. The 2015 gross profit was $168.66 billion, a 33% decrease from the 2014 gross profit. The 2015 net income was $22.14 million.

On 06/24/2015, President, CEO and Director Philippe Tartavull bought 2,800 shares at an average price of $21.02. The price of the stock has decreased by 1.62%. On 06/18/2015, Director Henry R Nothhaft bought 7,500 shares at an average price of $20.31. The price of the stock has increased by 1.82%.

Valley National Bancorp (VLY): Senior EVP and CFO, Director Alan D Eskow bought 790 shares

On 06/19/2015, Senior EVP and CFO, Director Alan D Eskow bought 790 shares of preferred stock at $25 per share. Valley National Bancorp has a market cap of $2.43 billion and its shares were traded at around $10.43. The company has a P/E ratio of 19.60 and P/S ratio of 3.92 with a dividend yield of 4.22%.

Valley National Bancorp announced its 2015 first-quarter results with revenues of $189.63; the net income was $30.34 million. The 2014 total revenue was $714.22 million, a 4% decrease from the 2013 total revenue. The 2014 net income was $116.17 million.

On 06/19/2015, Chairman, President and CEO Gerald H Lipkin bought 5,950 shares of preferred stock at $25 per share. On 06/24/2015, EVP - Treasurer Ira Robbins bought 800 shares of preferred stock at $25.05 per share. On 06/23/2015, Director Marc J Lenner bought 4,000 shares of preferred stock for $25 per share.

Wingstop Inc. (WING): CFO Michael Mravle bought 10,000 shares

On 06/17/2015, CFO Michael Mravle bought 10,000 shares at an average price of $19. The price of the stock has increased by 48.68%. Wingstop Inc. has a market cap of $807.418 million and its shares were traded at around $28.25. The company has a P/S ratio of 13.58.

Wingstop Inc. announced its 2015 first-quarter results with revenues of $440.59 million and gross profit of $184.51 million; the net income was $29.06 million. The 2014 total revenue was $1.52 billion, a 20% increase from the 2013 total revenue. The 2014 gross profit was $658.1 million, a 21% increase from the 2013 gross profit. The 2014 net income was $94.09 million.

On 06/17/2015, COO William Engen bought 4,200 shares at an average price of $19. The price of the stock has increased by 48.68%. On 06/17/2015, Corporate Controller Michael Skipworth bought 4,200 shares at an average price of $19. The price of the stock has increased by 48.68%. On 06/17/2015, Chief Information Officer Stacy Peterson bought 8,000 shares at an average price of $19. The price of the stock has increased by 48.68%.

This article first appeared on GuruFocus.