CBIZ, Inc. (NYSE:CBZ) Director Steven L. Gerard sold 64,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.10, for a total transaction of $1,734,400.00. Following the sale, the director now directly owns 200,782 shares in the company, valued at $5,441,192.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of CBZ opened at $27.07 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 24.83 and a beta of 0.33. The stock has a fifty day moving average price of $26.47 and a two-hundred day moving average price of $23.11. CBIZ, Inc. has a 52-week low of $18.64 and a 52-week high of $28.13.
CBIZ (NYSE:CBZ) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.25 by $0.07. CBIZ had a return on equity of 11.36% and a net margin of 7.51%. The company had revenue of $239.79 million for the quarter, compared to analysts’ expectations of $234.56 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts predict that CBIZ, Inc. will post 1.23 EPS for the current fiscal year.
A number of research analysts have recently issued reports on CBZ shares. ValuEngine cut shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised CBIZ from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Thursday, October 31st.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank increased its position in CBIZ by 1.4% in the 2nd quarter. Swiss National Bank now owns 97,300 shares of the business services provider’s stock valued at $1,906,000 after acquiring an additional 1,300 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of CBIZ during the second quarter valued at $37,000. JPMorgan Chase & Co. lifted its stake in shares of CBIZ by 2.2% during the second quarter. JPMorgan Chase & Co. now owns 425,157 shares of the business services provider’s stock valued at $8,339,000 after acquiring an additional 9,268 shares during the period. Rhumbline Advisers boosted its holdings in CBIZ by 9.9% in the third quarter. Rhumbline Advisers now owns 83,442 shares of the business services provider’s stock valued at $1,961,000 after acquiring an additional 7,544 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new position in CBIZ in the third quarter valued at about $38,000. Institutional investors and hedge funds own 88.05% of the company’s stock.
CBIZ Company Profile
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
See Also: Earnings Per Share
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