CBIZ, Inc. (NYSE:CBZ) Director Steven L. Gerard sold 109,947 shares of CBIZ stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $18.13, for a total transaction of $1,993,339.11. Following the transaction, the director now directly owns 346,976 shares in the company, valued at $6,290,674.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CBIZ, Inc. (CBZ) traded up $0.25 during trading on Friday, hitting $18.30. 162,233 shares of the stock were exchanged, compared to its average volume of 226,844. The stock has a market cap of $984.57, a P/E ratio of 20.63 and a beta of 0.82. CBIZ, Inc. has a twelve month low of $13.00 and a twelve month high of $18.65. 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 released its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $191.40 million. CBIZ had a net margin of 5.89% and a return on equity of 9.33%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. equities research analysts forecast that CBIZ, Inc. will post 1.05 earnings per share for the current year.
CBIZ announced that its board has initiated a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. ValuEngine downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Institutional investors have recently added to or reduced their stakes in the company. Koch Industries Inc. purchased a new stake in shares of CBIZ in the 4th quarter valued at approximately $158,000. Gotham Asset Management LLC acquired a new position in shares of CBIZ in the fourth quarter valued at approximately $161,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of CBIZ by 2,874.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,529 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 10,175 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of CBIZ by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 13,840 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 130 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of CBIZ in the third quarter valued at approximately $228,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.
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CBIZ Company Profile
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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