Insider Selling: CBIZ, Inc. (NYSE:CBZ) Insider Sells 21,222 Shares of Stock

CBIZ, Inc. (NYSE:CBZ) insider Michael P. Kouzelos sold 21,222 shares of CBIZ stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $29.35, for a total transaction of $622,865.70. Following the completion of the transaction, the insider now directly owns 305,406 shares of the company’s stock, valued at $8,963,666.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NYSE:CBZ traded up $0.04 during mid-day trading on Tuesday, hitting $30.30. The stock had a trading volume of 7,890 shares, compared to its average volume of 239,936. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.77 and a beta of 0.58. The company has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $25.13. CBIZ, Inc. has a 52 week low of $16.85 and a 52 week high of $30.67. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.15.

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CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Thursday, February 18th. The business services provider reported ($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). CBIZ had a net margin of 8.08% and a return on equity of 11.27%. As a group, equities research analysts anticipate that CBIZ, Inc. will post 1.37 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of CBIZ by 6.9% during the 4th quarter. BlackRock Inc. now owns 3,802,964 shares of the business services provider’s stock worth $101,195,000 after buying an additional 244,562 shares in the last quarter. Cardinal Capital Management LLC CT raised its position in shares of CBIZ by 0.6% during the 3rd quarter. Cardinal Capital Management LLC CT now owns 2,237,376 shares of the business services provider’s stock worth $51,169,000 after buying an additional 12,690 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of CBIZ by 20.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,235,428 shares of the business services provider’s stock worth $59,485,000 after buying an additional 378,628 shares in the last quarter. FIL Ltd raised its position in shares of CBIZ by 12.0% during the 4th quarter. FIL Ltd now owns 1,865,080 shares of the business services provider’s stock worth $49,630,000 after buying an additional 200,000 shares in the last quarter. Finally, Eaton Vance Management raised its position in shares of CBIZ by 1.9% during the 4th quarter. Eaton Vance Management now owns 1,691,747 shares of the business services provider’s stock worth $45,018,000 after buying an additional 31,368 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Monday, January 4th.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company's financial services include accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services. Its benefits and insurance services comprise group health benefits consulting, payroll, property and casualty, and retirement plan services.

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