CBIZ Inc. (CBZ) Sees Unusually-High Trading Volume
Shares of CBIZ Inc. (NYSE:CBZ) saw an uptick in trading volume on Monday . 219,112 shares changed hands during trading, an increase of 83% from the previous session’s volume of 119,491 shares.The stock last traded at $11.30 and had previously closed at $11.43.
A number of research firms have recently weighed in on CBZ. Sidoti began coverage on shares of CBIZ in a research report on Tuesday, July 19th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The firm has a market capitalization of $593.25 million and a P/E ratio of 15.92. The company has a 50-day moving average of $11.12 and a 200-day moving average of $10.52.
CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by $0.01. The company had revenue of $197 million for the quarter, compared to analyst estimates of $198.70 million. CBIZ’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, analysts predict that CBIZ Inc. will post $0.75 earnings per share for the current year.
In related news, Director Todd J. Slotkin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $10.55, for a total transaction of $84,400.00. Following the sale, the director now owns 38,400 shares of the company’s stock, valued at $405,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael P. Kouzelos sold 70,000 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $10.70, for a total transaction of $749,000.00. Following the sale, the insider now directly owns 256,022 shares in the company, valued at approximately $2,739,435.40. The disclosure for this sale can be found here.
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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