CBIZ, Inc. (NYSE:CBZ) Director Sells $248,390.24 in Stock

CBIZ, Inc. (NYSE:CBZGet Rating) Director Benaree Pratt Wiley sold 6,482 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $38.32, for a total value of $248,390.24. Following the completion of the sale, the director now directly owns 1,521 shares in the company, valued at $58,284.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE:CBZ traded up $0.33 during midday trading on Friday, hitting $38.19. The company had a trading volume of 314,674 shares, compared to its average volume of 233,869. The company has a fifty day moving average of $40.86 and a two-hundred day moving average of $39.40. CBIZ, Inc. has a 12-month low of $30.68 and a 12-month high of $44.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 25.80 and a beta of 0.69.

CBIZ (NYSE:CBZGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The business services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $391.70 million for the quarter, compared to analysts’ expectations of $367.46 million. CBIZ had a return on equity of 14.06% and a net margin of 6.59%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Research analysts expect that CBIZ, Inc. will post 2.03 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC raised its position in shares of CBIZ by 2.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 13,475 shares of the business services provider’s stock valued at $566,000 after purchasing an additional 329 shares during the period. Teacher Retirement System of Texas increased its stake in CBIZ by 5.0% in the 1st quarter. Teacher Retirement System of Texas now owns 9,677 shares of the business services provider’s stock worth $406,000 after buying an additional 461 shares in the last quarter. California State Teachers Retirement System raised its holdings in CBIZ by 0.7% during the fourth quarter. California State Teachers Retirement System now owns 66,693 shares of the business services provider’s stock valued at $2,609,000 after acquiring an additional 491 shares during the period. Deutsche Bank AG lifted its position in shares of CBIZ by 2.0% in the fourth quarter. Deutsche Bank AG now owns 32,249 shares of the business services provider’s stock valued at $1,261,000 after acquiring an additional 624 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of CBIZ in the fourth quarter worth about $39,000. Institutional investors and hedge funds 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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