CBIZ, Inc. (CBZ) Insider Sells $1,094,186.82 in Stock
CBIZ, Inc. (NYSE:CBZ) insider Michael W. Gleespen sold 54,682 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $20.01, for a total value of $1,094,186.82. Following the completion of the sale, the insider now owns 65,870 shares in the company, valued at $1,318,058.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
NYSE CBZ opened at $20.20 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 23.22 and a beta of 0.62. CBIZ, Inc. has a one year low of $15.55 and a one year high of $24.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.50 and a current ratio of 1.50.
CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $224.25 million for the quarter, compared to analyst estimates of $218.67 million. CBIZ had a return on equity of 11.30% and a net margin of 7.34%. CBIZ’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. Analysts forecast that CBIZ, Inc. will post 1.08 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. William Blair assumed coverage on CBIZ in a research report on Monday, September 17th. They set an “outperform” rating on the stock.
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CBIZ, Inc provides professional business services that help its clients manage their finances, employees, and insurance needs. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting, tax, financial advisory, government healthcare consulting, and risk advisory and valuation services.
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