CBIZ Inc. (CBZ) Shares Up 1.7%
CBIZ Inc. (NYSE:CBZ)’s share price shot up 1.7% on Tuesday . The stock traded as high as $11.01 and last traded at $10.94, with a volume of 72,329 shares changing hands. The stock had previously closed at $10.76.
Several research firms have recently weighed in on CBZ. Sidoti began coverage on CBIZ in a research report on Tuesday. They issued a “buy” rating on the stock. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Thursday, April 28th.
The company has a 50-day moving average price of $10.58 and a 200 day moving average price of $10.25. The company has a market cap of $564.38 million and a PE ratio of 15.99.
CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $224.54 million. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts forecast that CBIZ Inc. will post $0.74 EPS for the current year.
In other CBIZ news, insider Michael P. Kouzelos sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $10.70, for a total transaction of $749,000.00. Following the completion of the sale, the insider now directly owns 256,022 shares of the company’s stock, valued at approximately $2,739,435.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Todd J. Slotkin sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $10.55, for a total value of $84,400.00. Following the sale, the director now directly owns 38,400 shares of the company’s stock, valued at $405,120. The disclosure for this sale can be found here.
An institutional investor recently raised its position in CBIZ stock. California Public Employees Retirement System raised its stake in CBIZ Inc. (NYSE:CBZ) by 37.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.
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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