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 hedge funds and other institutional investors have recently added to or reduced their stakes in CBZ. FMR LLC grew its position in CBIZ by 49.4% during the 2nd quarter. FMR LLC now owns 6,756,052 shares of the business services provider’s stock worth $155,389,000 after acquiring an additional 2,234,269 shares during the last quarter. BlackRock Inc. grew its position in CBIZ by 11.0% during the 2nd quarter. BlackRock Inc. now owns 3,701,179 shares of the business services provider’s stock worth $85,129,000 after acquiring an additional 366,511 shares during the last quarter. Renaissance Technologies LLC grew its position in CBIZ by 20.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,007,126 shares of the business services provider’s stock worth $23,164,000 after acquiring an additional 170,200 shares during the last quarter. United Services Automobile Association grew its position in CBIZ by 68.8% during the 2nd quarter. United Services Automobile Association now owns 263,305 shares of the business services provider’s stock worth $6,056,000 after acquiring an additional 107,349 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in CBIZ by 32.2% during the 2nd quarter. Wells Fargo & Company MN now owns 404,741 shares of the business services provider’s stock worth $9,309,000 after buying an additional 98,473 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

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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About CBIZ

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

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