Ware H. Grove Sells 48,033 Shares of CBIZ Inc. (CBZ) Stock
CBIZ Inc. (NYSE:CBZ) insider Ware H. Grove sold 48,033 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $11.02, for a total value of $529,323.66. Following the sale, the insider now owns 291,028 shares of the company’s stock, valued at approximately $3,207,128.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
CBIZ Inc. (NYSE:CBZ) opened at 11.35 on Friday. The firm has a market capitalization of $598.57 million, a PE ratio of 15.68 and a beta of 0.91. The stock has a 50 day moving average price of $11.14 and a 200-day moving average price of $10.87. CBIZ Inc. has a one year low of $9.30 and a one year high of $11.82.
CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $199.80 million for the quarter, compared to the consensus estimate of $201.15 million. CBIZ had a return on equity of 11.02% and a net margin of 4.95%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, equities analysts forecast that CBIZ Inc. will post $0.75 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. acquired a new position in shares of CBIZ during the second quarter worth $127,000. Acrospire Investment Management LLC boosted its stake in shares of CBIZ by 69.3% in the third quarter. Acrospire Investment Management LLC now owns 12,189 shares of the company’s stock worth $136,000 after buying an additional 4,989 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of CBIZ by 8.4% in the second quarter. Ameriprise Financial Inc. now owns 13,490 shares of the company’s stock worth $140,000 after buying an additional 1,040 shares in the last quarter. BlackRock Inc. boosted its stake in shares of CBIZ by 328.6% in the second quarter. BlackRock Inc. now owns 14,517 shares of the company’s stock worth $151,000 after buying an additional 11,130 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of CBIZ by 5.7% in the third quarter. BlackRock Group LTD now owns 16,859 shares of the company’s stock worth $189,000 after buying an additional 909 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on CBZ shares. Sidoti started coverage on CBIZ in a report on Tuesday, July 19th. They issued a “buy” rating for the company. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, August 4th.
CBIZ, Inc is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services.
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