Voluminous Insider Selling at Apple Inc. (AAPL) and Flowserve Corp (FLS), Plus Insider Buying at WBA and Others

CEO of Growing Print and Online Publisher Boosts Stake

The man in charge of New Media Investment Group Inc. (NYSE:NEWM) disclosed the purchase of a voluminous block of shares on Friday. Chief Executive Officer Michael E. Reed bought 50,000 shares on Thursday at prices between $14.17 and $14.35 per share. Following the reported purchase, Mr. Reed currently holds an aggregate of 165,769 shares.

New Media, formerly known as GateHouse Media, owns, operates and invests in high-quality local-media assets. The company’s portfolio of media assets includes 614 publications, 527 websites, 78 mobile sites, as well as six yellow page directories. The company that owns the Columbus Dispatch recently announced the purchase of the Rochester Business Journal of New York and the daily Columbia Daily Tribute of Missouri, adding two newspapers to its growing portfolio. New Media Investment Group Inc. (NYSE:NEWM), one of the largest publishers of locally-based print and online media in the United States, has seen the value of its shares drop by 12% this year. Eric Sprott’s Sprott Asset Management added a 100,000-share stake in New Media Investment Group Inc. (NYSE:NEWM) to its portfolio during the September quarter.

Executive at Financial Services Technology Provider Increases Ownership Stake

One member of Fiserv Inc. (NASDAQ:FISV)’s executive team added a block of shares to his existing holding last week. Devin McGranahan, President of the company’s Billing and Payments Group, acquired 15,000 shares on Wednesday at prices that fell between $99.05 and $99.26 per share. Following the recent purchase, Mr. McGranahan currently holds an ownership stake of 25,155 shares.

The provider of information technology to the financial and insurance industries has seen its market capitalization jump by 7% since the beginning of the year. The increased focus on digital channels such as internet, mobile and tablet banking by both financial institutions and their customers, as well as the growing volume and types of payments transactions in the marketplace, have benefited Fiserv Inc. (NASDAQ:FISV) in recent years. The company reported total revenue of $1.38 billion for the third quarter, an increase of $67 million compared to the same period of the previous year. Navellier & Associates, founded by Louis G. Navellier, was the owner of 79,635 shares of Fiserv Inc. (NASDAQ:FISV) at the end of September.

The final page of this article will discuss fresh insider selling witnessed at two other companies.