CBIZ Inc. (CBZ) Sees Large Volume Increase
CBIZ Inc. (NYSE:CBZ) saw strong trading volume on Monday . 126,010 shares traded hands during trading, a decline of 1% from the previous session’s volume of 127,334 shares.The stock last traded at $10.72 and had previously closed at $10.86.
Separately, Zacks Investment Research lowered shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
The company’s 50-day moving average is $10.58 and its 200 day moving average is $10.25. The company has a market cap of $555.10 million and a P/E ratio of 15.73.
CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The business earned $224.20 million during the quarter, compared to analysts’ expectations of $224.54 million. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Equities research analysts anticipate that CBIZ Inc. will post $0.74 EPS for the current fiscal year.
In other news, Director Todd J. Slotkin sold 8,000 shares of CBIZ stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $10.55, for a total value of $84,400.00. Following the transaction, the director now directly owns 38,400 shares of the company’s stock, valued at approximately $405,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Kelly Marek sold 27,000 shares of CBIZ stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $10.65, for a total value of $287,550.00. Following the completion of the transaction, the treasurer now directly owns 50,957 shares in the company, valued at $542,692.05. The disclosure for this sale can be found here.
An institutional investor recently raised its position in CBIZ stock. California Public Employees Retirement System increased its stake in CBIZ Inc. (NYSE:CBZ) by 37.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,718 shares of the company’s stock after buying an additional 54,400 shares during the period. California Public Employees Retirement System owned about 0.38% of CBIZ worth $1,959,000 at the end of the most recent quarter.
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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