CBIZ Inc. (CBZ) Director Steven L. Gerard Sells 180,000 Shares of Stock
CBIZ Inc. (NYSE:CBZ) Director Steven L. Gerard sold 180,000 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $11.26, for a total value of $2,026,800.00. Following the completion of the transaction, the director now owns 495,700 shares of the company’s stock, valued at approximately $5,581,582. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CBIZ Inc. (NYSE:CBZ) opened at 11.85 on Tuesday. The stock has a market cap of $624.93 million, a PE ratio of 16.37 and a beta of 0.91. CBIZ Inc. has a 1-year low of $9.30 and a 1-year high of $12.20. The stock has a 50 day moving average price of $11.15 and a 200 day moving average price of $10.88.
CBIZ (NYSE:CBZ) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company 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%. CBIZ’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. On average, analysts predict that CBIZ Inc. will post $0.75 EPS for the current fiscal year.
CBZ has been the subject of several recent analyst reports. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, September 21st. Sidoti initiated coverage on CBIZ in a research note on Tuesday, July 19th. They issued a “buy” rating for the company.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC purchased a new position in CBIZ during the third quarter valued at approximately $122,000. Prudential Financial Inc. purchased a new position in CBIZ during the second quarter valued at approximately $127,000. Acrospire Investment Management LLC increased its position in CBIZ by 69.3% in the third quarter. Acrospire Investment Management LLC now owns 12,189 shares of the company’s stock valued at $136,000 after buying an additional 4,989 shares during the last quarter. Ameriprise Financial Inc. increased its position in CBIZ by 8.4% in the second quarter. Ameriprise Financial Inc. now owns 13,490 shares of the company’s stock valued at $140,000 after buying an additional 1,040 shares during the last quarter. Finally, BlackRock Inc. increased its position in CBIZ by 328.6% in the second quarter. BlackRock Inc. now owns 14,517 shares of the company’s stock valued at $151,000 after buying an additional 11,130 shares during the last quarter. Institutional investors own 84.74% of the company’s stock.
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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