CBIZ, Inc. (NYSE:CBZ) Director Steven L. Gerard sold 70,000 shares of CBIZ stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $23.10, for a total transaction of $1,617,000.00. Following the completion of the transaction, the director now owns 264,782 shares of the company’s stock, valued at approximately $6,116,464.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CBIZ stock traded up $0.02 during trading on Friday, reaching $23.45. The stock had a trading volume of 115,561 shares, compared to its average volume of 171,648. CBIZ, Inc. has a 52-week low of $18.64 and a 52-week high of $24.38. The business has a 50 day moving average price of $22.88 and a 200 day moving average price of $20.84. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.27 billion, a PE ratio of 21.51 and a beta of 0.36.
CBIZ (NYSE:CBZ) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. CBIZ had a net margin of 7.18% and a return on equity of 10.89%. The company had revenue of $235.50 million for the quarter, compared to analysts’ expectations of $243.01 million. During the same quarter last year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts predict that CBIZ, Inc. will post 1.22 EPS for the current fiscal year.
CBZ has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, August 2nd. ValuEngine upgraded shares of CBIZ from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.
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.
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