CBIZ, Inc. (NYSE:CBZ) Director Sells $42,800.00 in Stock

CBIZ, Inc. (NYSE:CBZ) Director Benaree Pratt Wiley sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $26.75, for a total value of $42,800.00. Following the completion of the sale, the director now directly owns 9,202 shares of the company’s stock, valued at $246,153.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Benaree Pratt Wiley also recently made the following trade(s):

  • On Friday, November 1st, Benaree Pratt Wiley sold 1,600 shares of CBIZ stock. The shares were sold at an average price of $27.45, for a total value of $43,920.00.
  • On Thursday, October 3rd, Benaree Pratt Wiley sold 1,600 shares of CBIZ stock. The shares were sold at an average price of $23.15, for a total value of $37,040.00.

Shares of CBZ traded up $0.04 during mid-day trading on Wednesday, hitting $26.85. The company’s stock had a trading volume of 300,639 shares, compared to its average volume of 213,886. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $26.06 and a 200 day simple moving average of $22.85. The firm has a market capitalization of $1.47 billion, a P/E ratio of 24.63 and a beta of 0.33. CBIZ, Inc. has a 1-year low of $18.64 and a 1-year high of $28.13.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.25 by $0.07. The business had revenue of $239.79 million during the quarter, compared to analysts’ expectations of $234.56 million. CBIZ had a return on equity of 11.36% and a net margin of 7.51%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. As a group, sell-side analysts predict that CBIZ, Inc. will post 1.23 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBZ. Huntington National Bank increased its stake in CBIZ by 132.7% in the 3rd quarter. Huntington National Bank now owns 1,166 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 665 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in CBIZ in the 2nd quarter valued at approximately $37,000. First Mercantile Trust Co. purchased a new position in CBIZ in the 3rd quarter valued at approximately $38,000. US Bancorp DE purchased a new position in CBIZ in the 2nd quarter valued at approximately $47,000. Finally, Point72 Hong Kong Ltd increased its stake in CBIZ by 4,600.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 2,576 shares in the last quarter. 88.05% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on CBZ. ValuEngine cut CBIZ from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised CBIZ from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Thursday, October 31st.

About CBIZ

CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.

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