CBIZ Inc. (NYSE:CBZ) saw unusually-high trading volume on Monday . Approximately 126,010 shares were traded 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.

CBZ has been the topic of a number of research analyst reports. Zacks Investment Research downgraded CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Sidoti assumed coverage on CBIZ in a research report on Tuesday. They issued a “buy” rating on the stock.

The company has a market cap of $569.03 million and a price-to-earnings ratio of 16.13. The stock’s 50 day moving average is $10.59 and its 200 day moving average is $10.26.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. During the same period last year, the business posted $0.40 EPS. The company earned $224.20 million during the quarter, compared to the consensus estimate of $224.54 million. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts anticipate that CBIZ Inc. will post $0.74 EPS for the current fiscal year.

In related news, Director Todd J. Slotkin sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The stock was 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 in the company, valued at approximately $405,120. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer Kelly Marek sold 27,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the treasurer now owns 50,957 shares in the company, valued at $542,692.05. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in CBIZ stock. Morgan Stanley raised its stake in shares of CBIZ Inc. (NYSE:CBZ) by 421.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,350 shares of the company’s stock after buying an additional 183,777 shares during the period. Morgan Stanley owned 0.44% of CBIZ worth $2,242,000 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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