CBIZ Inc. (CBZ) Sets New 1-Year High at $11.55
CBIZ Inc. (NYSE:CBZ) shares reached a new 52-week high on Thursday . The stock traded as high as $11.55 and last traded at $11.40, with a volume of 33,047 shares changing hands. The stock had previously closed at $11.31.
CBZ has been the subject of several research reports. Zacks Investment Research cut shares of CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Sidoti initiated coverage on shares of CBIZ in a report on Tuesday, July 19th. They set a “buy” rating for the company.
The company’s 50 day moving average price is $10.89 and its 200 day moving average price is $10.45. The firm has a market capitalization of $599.55 million and a price-to-earnings ratio of 16.08.
CBIZ (NYSE:CBZ) last posted its earnings results on Tuesday, August 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $197 million for the quarter, compared to analyst estimates of $198.70 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts predict that CBIZ Inc. will post $0.75 EPS for the current year.
In other CBIZ news, 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 transaction of $749,000.00. Following the transaction, the insider now owns 256,022 shares of the company’s stock, valued at approximately $2,739,435.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Kelly Marek sold 27,000 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $10.65, for a total transaction of $287,550.00. Following the transaction, the treasurer now directly owns 50,957 shares in the company, valued at approximately $542,692.05. 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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