CBIZ, Inc. (NYSE:CBZ) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in shares of CBIZ, Inc. (NYSE:CBZ – Get Rating) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,448 shares of the business services provider’s stock after selling 1,057 shares during the period. Truist Financial Corp’s holdings in CBIZ were worth $447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wipfli Financial Advisors LLC purchased a new position in shares of CBIZ during the 3rd quarter worth approximately $134,000. Fenimore Asset Management Inc. increased its stake in shares of CBIZ by 0.7% during the 3rd quarter. Fenimore Asset Management Inc. now owns 589,592 shares of the business services provider’s stock worth $25,223,000 after purchasing an additional 3,945 shares in the last quarter. Calamos Advisors LLC purchased a new position in shares of CBIZ during the 3rd quarter worth approximately $2,183,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of CBIZ by 8.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,749 shares of the business services provider’s stock worth $332,000 after purchasing an additional 600 shares in the last quarter. Finally, HMS Capital Management LLC purchased a new position in shares of CBIZ during the 3rd quarter worth approximately $279,000. 88.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBIZ news, insider Ware H. Grove sold 8,000 shares of CBIZ stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $50.16, for a total value of $401,280.00. Following the completion of the sale, the insider now directly owns 257,844 shares of the company’s stock, valued at approximately $12,933,455.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ware H. Grove sold 1,401 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $50.00, for a total transaction of $70,050.00. Following the completion of the sale, the insider now directly owns 257,844 shares of the company’s stock, valued at approximately $12,892,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ware H. Grove sold 8,000 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $50.16, for a total transaction of $401,280.00. Following the sale, the insider now directly owns 257,844 shares of the company’s stock, valued at $12,933,455.04. The disclosure for this sale can be found here. In the last three months, insiders sold 43,000 shares of company stock valued at $2,155,368. Company insiders own 6.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of CBIZ in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

CBIZ Stock Up 0.5 %

CBZ stock opened at $47.27 on Tuesday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 23.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.27 and a current ratio of 1.27. CBIZ, Inc. has a one year low of $35.46 and a one year high of $51.67. The company has a 50 day moving average price of $48.05 and a two-hundred day moving average price of $45.94.

CBIZ (NYSE:CBZ – Get Rating) last released its earnings results on Thursday, October 27th. The business services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm had revenue of $363.26 million during the quarter, compared to analysts’ expectations of $335.30 million. CBIZ had a net margin of 7.89% and a return on equity of 14.94%. As a group, sell-side analysts expect that CBIZ, Inc. will post 2.11 EPS for the current year.

CBIZ Profile

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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.