CBIZ, Inc. (NYSE:CBZ) Insider Sells $603,900.00 in Stock

CBIZ, Inc. (NYSE:CBZGet Rating) insider Ware H. Grove sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $40.26, for a total value of $603,900.00. Following the sale, the insider now owns 257,844 shares of the company’s stock, valued at approximately $10,380,799.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CBZ traded up $0.10 during trading on Wednesday, hitting $38.86. 8,105 shares of the stock traded hands, compared to its average volume of 231,804. CBIZ, Inc. has a twelve month low of $30.68 and a twelve month high of $44.17. The firm has a market cap of $2.03 billion, a P/E ratio of 26.46 and a beta of 0.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.07 and a current ratio of 1.33. The business’s 50 day moving average is $40.90.

CBIZ (NYSE:CBZGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The business services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. CBIZ had a net margin of 6.59% and a return on equity of 14.06%. The business had revenue of $391.70 million during the quarter, compared to the consensus estimate of $367.46 million. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue was up 30.3% on a year-over-year basis. On average, analysts forecast that CBIZ, Inc. will post 2.03 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of CBIZ in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Monday, May 2nd. Finally, William Blair reiterated an “outperform” rating on shares of CBIZ in a research report on Wednesday, March 9th.

Several large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of CBIZ during the fourth quarter worth $112,744,000. Eaton Vance Management increased its holdings in shares of CBIZ by 14.9% during the fourth quarter. Eaton Vance Management now owns 2,559,009 shares of the business services provider’s stock worth $100,108,000 after buying an additional 331,312 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of CBIZ by 0.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,881,008 shares of the business services provider’s stock worth $73,585,000 after buying an additional 12,929 shares in the last quarter. Cardinal Capital Management LLC CT increased its holdings in shares of CBIZ by 0.9% during the third quarter. Cardinal Capital Management LLC CT now owns 1,816,029 shares of the business services provider’s stock worth $58,730,000 after buying an additional 15,725 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of CBIZ by 76.1% during the first quarter. Victory Capital Management Inc. now owns 1,626,158 shares of the business services provider’s stock worth $68,248,000 after buying an additional 702,855 shares in the last quarter. Institutional investors own 88.98% of the company’s stock.

About CBIZ (Get Rating)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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