Insider Selling: CBIZ, Inc. (NYSE:CBZ) Director Sells 2,100 Shares of Stock

CBIZ, Inc. (NYSE:CBZ) Director Benaree Pratt Wiley sold 2,100 shares of the business’s stock in a transaction that occurred on Monday, October 11th. The stock was sold at an average price of $33.83, for a total transaction of $71,043.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of CBZ stock traded down $0.34 during trading hours on Wednesday, hitting $34.51. The company’s stock had a trading volume of 87,627 shares, compared to its average volume of 180,858. The company has a 50 day moving average of $33.14 and a 200 day moving average of $33.04. The stock has a market cap of $1.82 billion, a PE ratio of 23.94 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.23. CBIZ, Inc. has a 12-month low of $22.00 and a 12-month high of $35.45.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Wednesday, July 28th. The business services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. The business had revenue of $278.65 million for the quarter, compared to the consensus estimate of $259.90 million. CBIZ had a net margin of 7.66% and a return on equity of 13.61%. As a group, analysts anticipate that CBIZ, Inc. will post 1.62 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in shares of CBIZ by 16.9% in the 2nd quarter. Huntington National Bank now owns 2,492 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 360 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of CBIZ by 23.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,600 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 500 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of CBIZ in the 2nd quarter valued at $89,000. Captrust Financial Advisors purchased a new stake in shares of CBIZ in the 1st quarter valued at $195,000. Finally, Principal Financial Group Inc. purchased a new stake in CBIZ during the first quarter worth $207,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of CBIZ from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Thursday, September 16th.

About CBIZ

CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.

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Insider Buying and Selling by Quarter for CBIZ (NYSE:CBZ)

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