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

CBIZ, Inc. (NYSE:CBZ) insider Ware H. Grove sold 25,000 shares of CBIZ stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $15.10, for a total value of $377,500.00. Following the sale, the insider now directly owns 258,272 shares of the company’s stock, valued at $3,899,907.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CBIZ, Inc. (NYSE:CBZ) traded up 0.33% during midday trading on Monday, reaching $15.20. The company had a trading volume of 111,516 shares. CBIZ, Inc. has a 52-week low of $9.95 and a 52-week high of $15.90. The company has a market capitalization of $813.40 million, a P/E ratio of 19.02 and a beta of 0.92. The company’s 50 day moving average is $15.25 and its 200-day moving average is $14.00.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $241.46 million during the quarter, compared to the consensus estimate of $241.95 million. CBIZ had a net margin of 5.28% and a return on equity of 9.10%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Equities analysts expect that CBIZ, Inc. will post $0.83 earnings per share for the current fiscal year.

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

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Capital Advisors Group LLC. purchased a new stake in shares of CBIZ during the fourth quarter worth approximately $969,000. Metropolitan Life Insurance Co. NY boosted its stake in CBIZ by 6.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,615 shares of the business services provider’s stock worth $488,000 after buying an additional 2,057 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in CBIZ by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 186,573 shares of the business services provider’s stock worth $2,528,000 after buying an additional 723 shares in the last quarter. FMR LLC raised its position in CBIZ by 2.6% in the fourth quarter. FMR LLC now owns 6,517,879 shares of the business services provider’s stock worth $89,295,000 after buying an additional 166,152 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in CBIZ by 7.0% in the fourth quarter. Martingale Asset Management L P now owns 172,934 shares of the business services provider’s stock worth $2,370,000 after buying an additional 11,300 shares in the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the company. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Friday. ValuEngine upgraded CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

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.

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