Ware H. Grove Sells 25,000 Shares of CBIZ, Inc. (CBZ) Stock

CBIZ, Inc. (NYSE:CBZ) insider Ware H. Grove sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $18.35, for a total value of $458,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NYSE:CBZ remained flat at $$18.25 on Friday. The company’s stock had a trading volume of 218,686 shares, compared to its average volume of 173,323. CBIZ, Inc. has a 12 month low of $13.45 and a 12 month high of $19.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $1,003.91, a P/E ratio of 20.98 and a beta of 0.70.

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CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, February 15th. The business services provider reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. CBIZ had a return on equity of 9.28% and a net margin of 5.89%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $191.40 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. equities analysts expect that CBIZ, Inc. will post 1.05 EPS for the current year.

CBIZ announced that its board has approved a share buyback plan on Wednesday, February 14th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

A number of equities analysts have weighed in on CBZ shares. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, February 21st. ValuEngine lowered CBIZ from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

A number of large investors have recently bought and sold shares of CBZ. Granite Investment Partners LLC raised its position in CBIZ by 34.2% in the third quarter. Granite Investment Partners LLC now owns 924,470 shares of the business services provider’s stock valued at $15,022,000 after purchasing an additional 235,783 shares during the period. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of CBIZ by 117.3% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 332,106 shares of the business services provider’s stock valued at $5,131,000 after buying an additional 179,249 shares during the period. Vanguard Group Inc. raised its holdings in shares of CBIZ by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,302,818 shares of the business services provider’s stock valued at $34,542,000 after buying an additional 108,000 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of CBIZ by 2.2% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,897,020 shares of the business services provider’s stock valued at $75,659,000 after buying an additional 106,039 shares during the period. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of CBIZ in the 4th quarter valued at $1,551,000. Institutional investors own 86.81% of the company’s stock.

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About CBIZ

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.

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

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