CBIZ Inc. (CBZ) Hits New 12-Month High at $11.55
CBIZ Inc. (NYSE:CBZ)’s share price 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 topic of several analyst reports. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, August 4th. Sidoti initiated coverage on CBIZ in a research report on Tuesday, July 19th. They set a “buy” rating on the stock.
The firm has a market capitalization of $610.58 million and a P/E ratio of 16.38. The stock’s 50-day moving average price is $10.96 and its 200-day moving average price is $10.47.
CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The business earned $197 million during the quarter, compared to the consensus estimate of $198.70 million. During the same quarter in the prior year, the company earned $0.13 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that CBIZ Inc. will post $0.75 earnings per share for the current year.
In other 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 transaction, the director now owns 38,400 shares in the company, valued at $405,120. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction, the treasurer now 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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