Insider Selling: CBIZ, Inc. (CBZ) Insider Sells 5,754 Shares of Stock
CBIZ, Inc. (NYSE:CBZ) insider Ware H. Grove sold 5,754 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $20.36, for a total transaction of $117,151.44. Following the completion of the sale, the insider now owns 268,850 shares in the company, valued at $5,473,786. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NYSE:CBZ opened at $19.97 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.32 and a current ratio of 1.32. CBIZ, Inc. has a one year low of $17.98 and a one year high of $24.38. The company has a market cap of $1.10 billion, a P/E ratio of 18.32 and a beta of 0.51.
CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, February 13th. The business services provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. CBIZ had a net margin of 6.68% and a return on equity of 10.45%. The business had revenue of $199.00 million for the quarter, compared to the consensus estimate of $202.33 million. During the same period last year, the company earned $0.04 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, analysts expect that CBIZ, Inc. will post 1.2 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on CBZ shares. Zacks Investment Research upgraded shares of CBIZ from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. ValuEngine downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.
CBIZ Company Profile
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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