CBIZ, Inc. (NYSE:CBZ) Director Steven L. Gerard sold 70,000 shares of the business’s stock in a transaction 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 sale, the director now owns 264,782 shares in the company, valued at $6,116,464.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE CBZ traded up $0.02 during trading on Friday, hitting $23.45. 115,561 shares of the company were exchanged, compared to its average volume of 171,648. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 21.51 and a beta of 0.36. CBIZ, Inc. has a 1 year low of $18.64 and a 1 year high of $24.38. The firm’s fifty day moving average price is $22.88 and its 200 day moving average price is $20.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.41 and a quick ratio of 1.41.
CBIZ (NYSE:CBZ) last issued its earnings results on Wednesday, July 31st. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The company had revenue of $235.50 million for the quarter, compared to analyst estimates of $243.01 million. CBIZ had a net margin of 7.18% and a return on equity of 10.89%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. On average, research analysts forecast that CBIZ, Inc. will post 1.22 earnings per share for the current year.
Several equities research analysts have commented on CBZ shares. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, August 2nd. ValuEngine upgraded shares of CBIZ from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.
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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