Insider Selling: CBIZ, Inc. (CBZ) Insider Sells $246,675.00 in Stock
CBIZ, Inc. (NYSE:CBZ) insider Chris Spurio sold 16,250 shares of CBIZ stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $15.18, for a total value of $246,675.00. Following the sale, the insider now owns 191,293 shares in the company, valued at $2,903,827.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CBIZ, Inc. (NYSE CBZ) opened at 15.15 on Friday. CBIZ, Inc. has a 52-week low of $10.73 and a 52-week high of $15.90. The company’s 50 day moving average price is $14.83 and its 200 day moving average price is $14.75. The company has a market capitalization of $823.05 million, a price-to-earnings ratio of 17.93 and a beta of 0.91.
CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $211.00 million for the quarter, compared to the consensus estimate of $207.42 million. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. CBIZ’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. On average, analysts predict that CBIZ, Inc. will post $0.87 EPS for the current year.
CBZ has been the topic of several research reports. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, June 1st. ValuEngine upgraded CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub lowered CBIZ from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Karp Capital Management Corp purchased a new position in CBIZ during the 1st quarter worth $289,000. American International Group Inc. increased its holdings in CBIZ by 7.1% during the 1st quarter. American International Group Inc. now owns 30,401 shares of the business services provider’s stock worth $412,000 after purchasing an additional 2,013 shares during the period. Ameriprise Financial Inc. boosted its position in CBIZ by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 350 shares in the last quarter. Geode Capital Management LLC boosted its position in CBIZ by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 430,679 shares of the business services provider’s stock valued at $5,835,000 after acquiring an additional 13,680 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in CBIZ by 80.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 589,575 shares of the business services provider’s stock valued at $8,844,000 after acquiring an additional 263,312 shares in the last quarter. Institutional investors own 85.57% of the company’s stock.
CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
Receive News & Ratings for CBIZ Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ Inc. and related companies with MarketBeat.com's FREE daily email newsletter.