Insider Selling: CBIZ, Inc. (CBZ) Insider Sells $523,250.00 in Stock
CBIZ, Inc. (NYSE:CBZ) insider Michael P. Kouzelos sold 35,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.95, for a total transaction of $523,250.00. Following the completion of the sale, the insider now owns 287,972 shares in the company, valued at approximately $4,305,181.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CBIZ, Inc. (NYSE:CBZ) opened at $14.90 on Friday. The company has a market cap of $817.28, a price-to-earnings ratio of 18.17 and a beta of 0.79. CBIZ, Inc. has a one year low of $12.70 and a one year high of $17.25. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.39.
CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $207.70 million during the quarter, compared to analysts’ expectations of $212.66 million. CBIZ had a return on equity of 8.94% and a net margin of 5.34%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. equities analysts forecast that CBIZ, Inc. will post 0.84 earnings per share for the current year.
CBZ has been the topic of several research analyst reports. Zacks Investment Research cut shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. ValuEngine upgraded shares of CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
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CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
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