CBIZ Inc. (NYSE:CBZ) shares traded up 1.7% during mid-day trading on Tuesday . The stock traded as high as $11.01 and last traded at $10.94, with a volume of 72,329 shares. The stock had previously closed at $10.76.

Several brokerages have recently commented on CBZ. Zacks Investment Research lowered 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 set a “buy” rating on the stock.

The firm has a 50 day moving average price of $10.60 and a 200 day moving average price of $10.26. The stock has a market cap of $566.96 million and a price-to-earnings ratio of 16.07.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company earned $224.20 million during the quarter, compared to the consensus estimate of $224.54 million. During the same period in the previous year, the business earned $0.40 earnings per share. CBIZ’s revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that CBIZ Inc. will post $0.75 earnings per share for the current fiscal year.

In other CBIZ news, Director Todd J. Slotkin sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was 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 in the company, valued at $405,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael P. Kouzelos sold 70,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $10.70, for a total value of $749,000.00. Following the sale, the insider now owns 256,022 shares in the company, valued at approximately $2,739,435.40. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in CBIZ stock. Morgan Stanley boosted its position in CBIZ Inc. (NYSE:CBZ) by 421.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 about 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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