Jerome P. Grisko Sells 9,090 Shares of CBIZ Inc. (CBZ) Stock
CBIZ Inc. (NYSE:CBZ) CEO Jerome P. Grisko sold 9,090 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $11.08, for a total value of $100,717.20. Following the transaction, the chief executive officer now owns 519,074 shares in the company, valued at $5,751,339.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of CBIZ Inc. (NYSE:CBZ) opened at 11.02 on Tuesday. The firm has a market cap of $578.55 million, a PE ratio of 15.52 and a beta of 0.67. The firm’s 50-day moving average price is $11.28 and its 200-day moving average price is $10.60. CBIZ Inc. has a 12 month low of $9.30 and a 12 month high of $11.82.
CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The company earned $197 million during the quarter, compared to analyst estimates of $198.70 million. CBIZ had a net margin of 4.94% and a return on equity of 11.75%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. Analysts expect that CBIZ Inc. will post $0.75 earnings per share for the current year.
CBZ has been the subject of a number of research reports. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, August 4th. Sidoti initiated coverage on CBIZ in a research report on Tuesday, July 19th. They set a “buy” rating for the company.
Several hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of CBIZ by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 128,448 shares of the company’s stock valued at $1,337,000 after buying an additional 1,448 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of CBIZ by 22.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 169,819 shares of the company’s stock valued at $1,768,000 after buying an additional 31,668 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of CBIZ by 220.4% in the second quarter. Cubist Systematic Strategies LLC now owns 32,069 shares of the company’s stock valued at $334,000 after buying an additional 22,059 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of CBIZ during the second quarter valued at about $286,000. Finally, Zacks Investment Management boosted its stake in shares of CBIZ by 2.2% in the second quarter. Zacks Investment Management now owns 80,751 shares of the company’s stock valued at $841,000 after buying an additional 1,709 shares during the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.
CBIZ Company Profile
CBIZ, Inc is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services.
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