CBIZ, Inc. (NYSE:CBZ) CEO Jerome P. Grisko sold 20,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.07, for a total value of $541,400.00. Following the sale, the chief executive officer now owns 694,326 shares of the company’s stock, valued at $18,795,404.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE:CBZ opened at $26.97 on Friday. The firm has a market capitalization of $1.48 billion, a PE ratio of 24.74 and a beta of 0.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50-day moving average of $26.54 and a two-hundred day moving average of $23.18. CBIZ, Inc. has a 12 month low of $18.64 and a 12 month high of $28.13.
CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The company had revenue of $239.79 million during the quarter, compared to analyst estimates of $234.56 million. CBIZ had a return on equity of 11.36% and a net margin of 7.51%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, research analysts anticipate that CBIZ, Inc. will post 1.23 earnings per share for the current year.
A number of large investors have recently made changes to their positions in CBZ. Nuveen Asset Management LLC acquired a new stake in shares of CBIZ in the second quarter valued at about $27,568,000. Northern Trust Corp grew its stake in shares of CBIZ by 1.3% in the second quarter. Northern Trust Corp now owns 1,143,131 shares of the business services provider’s stock valued at $22,392,000 after buying an additional 14,464 shares in the last quarter. State Street Corp grew its stake in shares of CBIZ by 0.3% in the third quarter. State Street Corp now owns 1,113,714 shares of the business services provider’s stock valued at $26,172,000 after buying an additional 3,362 shares in the last quarter. Investment Counselors of Maryland LLC grew its stake in shares of CBIZ by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 1,006,757 shares of the business services provider’s stock valued at $19,722,000 after buying an additional 10,820 shares in the last quarter. Finally, Granite Investment Partners LLC grew its stake in shares of CBIZ by 1.3% in the second quarter. Granite Investment Partners LLC now owns 925,724 shares of the business services provider’s stock valued at $18,135,000 after buying an additional 11,992 shares in the last quarter. Institutional investors own 88.05% of the company’s stock.
Several equities research analysts have commented on the company. ValuEngine lowered CBIZ from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Thursday, October 31st.
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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