Lawson Software Inc. (NDAQ:LWSN) CEO Harry Debes disclosed an 80,000 share purchase at prices ranging from $6.64 to $6.90 in a transaction valued at more than $530,000, bringing his his overall stake to 128,674 shares. The transaction, disclosed in a
Form 4 filing with the SEC, helped move LWSN up $0.11, or 1.63%, to $6.87 so far in today's session.
The company provides business application software, services and
maintenance to customers primarily in the services sector, trade
industries and manufacturing/distribution sectors specializing in
specific markets, including health care, public services, retail,
financial services, food and beverage, and wholesale distribution. While the company is currently trading above enterprise value with a high PEG of 2.59, it does have $1.41/share in cash and very little debt. This makes the company a potential acquisition target in an increasingly active M&A market, and new contracts should help the company prop up its falling earnings in future quarters. Combined, these factors make LWSN a stock
worth watching over the next few months.
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