CBIZ Inc. (CBZ) Treasurer Sells $210,780.00 in Stock
CBIZ Inc. (NYSE:CBZ) Treasurer Kelly Marek sold 18,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $11.71, for a total value of $210,780.00. Following the completion of the transaction, the treasurer now owns 53,957 shares in the company, valued at approximately $631,836.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
CBIZ Inc. (NYSE:CBZ) opened at 12.10 on Friday. The company has a market cap of $638.12 million, a price-to-earnings ratio of 16.71 and a beta of 0.91. CBIZ Inc. has a 12-month low of $9.30 and a 12-month high of $12.30. The stock has a 50 day moving average price of $11.24 and a 200-day moving average price of $10.93.
CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. CBIZ had a return on equity of 11.02% and a net margin of 4.95%. The company had revenue of $199.80 million for the quarter, compared to the consensus estimate of $201.15 million. During the same quarter in the previous year, the business earned $0.18 EPS. CBIZ’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that CBIZ Inc. will post $0.75 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new position in shares of CBIZ during the third quarter worth about $122,000. Prudential Financial Inc. acquired a new position in shares of CBIZ during the second quarter worth about $127,000. Acrospire Investment Management LLC increased its position 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. increased its position 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. Finally, BlackRock Inc. increased its position 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. Institutional investors own 84.74% of the company’s stock.
Separately, Zacks Investment Research lowered CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th.
CBIZ Company Profile
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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