CBIZ, Inc. (NYSE:CBZ) Director Sells $40,710.00 in Stock

CBIZ, Inc. (NYSE:CBZ – Get Rating) Director Joseph S. Dimartino sold 1,000 shares of CBIZ stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $40.71, for a total transaction of $40,710.00. Following the sale, the director now owns 41,872 shares in the company, valued at $1,704,609.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE:CBZ opened at $41.25 on Friday. The firm has a market cap of $2.15 billion, a PE ratio of 27.87 and a beta of 0.69. CBIZ, Inc. has a 12 month low of $30.68 and a 12 month high of $44.17. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $40.74 and its two-hundred day moving average price is $39.41.

CBIZ (NYSE:CBZ – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The business services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $391.70 million for the quarter, compared to analyst estimates of $367.46 million. CBIZ had a net margin of 6.59% and a return on equity of 14.06%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. On average, research analysts expect that CBIZ, Inc. will post 2.03 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of CBIZ during the fourth quarter worth approximately $2,131,000. National Bank of Canada FI acquired a new position in shares of CBIZ during the fourth quarter worth approximately $39,000. SG Americas Securities LLC lifted its position in shares of CBIZ by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 35,182 shares of the business services provider’s stock worth $1,376,000 after purchasing an additional 3,820 shares in the last quarter. Invesco Ltd. lifted its position in shares of CBIZ by 2.9% during the third quarter. Invesco Ltd. now owns 134,242 shares of the business services provider’s stock worth $4,341,000 after purchasing an additional 3,774 shares in the last quarter. Finally, Man Group plc acquired a new position in shares of CBIZ during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.

Several brokerages have recently weighed in on CBZ. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Monday, May 2nd. StockNews.com assumed coverage on shares of CBIZ in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, William Blair restated an “outperform” rating on shares of CBIZ in a research report on Wednesday, March 9th.

CBIZ Company Profile (Get Rating)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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