CBIZ, Inc. (CBZ) Insider Ware H. Grove Sells 22,927 Shares

CBIZ, Inc. (NYSE:CBZ) insider Ware H. Grove sold 22,927 shares of CBIZ stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $15.25, for a total transaction of $349,636.75. Following the completion of the sale, the insider now directly owns 262,673 shares of the company’s stock, valued at approximately $4,005,763.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of CBIZ, Inc. (NYSE:CBZ) traded down 0.66% during midday trading on Friday, hitting $15.15. 308,075 shares of the stock were exchanged. CBIZ, Inc. has a 12 month low of $9.95 and a 12 month high of $15.90. The stock has a market cap of $810.72 million, a price-to-earnings ratio of 18.96 and a beta of 0.92. The firm’s 50-day moving average is $15.27 and its 200-day moving average is $13.98.

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

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

COPYRIGHT VIOLATION NOTICE: “CBIZ, Inc. (CBZ) Insider Ware H. Grove Sells 22,927 Shares” was originally reported by sleekmoney and is the property of of sleekmoney. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://sleekmoney.com/cbiz-inc-cbz-insider-ware-h-grove-sells-22927-shares/1916436.html.

A number of equities research analysts have commented on CBZ shares. Zacks Investment Research downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Several hedge funds have recently added to or reduced their stakes in CBZ. Metropolitan Life Insurance Co. NY raised 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 during the last quarter. Dalton Greiner Hartman Maher & Co. raised 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 during the last quarter. FMR LLC raised its stake 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 during the last quarter. Martingale Asset Management L P raised its stake 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 during the last quarter. Finally, First Manhattan Co. raised its stake in CBIZ by 4.2% in the first quarter. First Manhattan Co. now owns 2,884,455 shares of the business services provider’s stock worth $32,277,000 after buying an additional 115,000 shares during the last quarter. Hedge funds and other institutional investors own 84.96% of the company’s stock.

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.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/cbiz-inc-cbz-insider-ware-h-grove-sells-22927-shares/1916436.html

Receive News & Ratings for CBIZ Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *