Insider Selling: Todd Slotkin Sells 13,000 Shares of CBIZ Stock (CBZ)
CBIZ (NYSE:CBZ) Director Todd Slotkin unloaded 13,000 shares of the company’s stock on the open market in a transaction dated Thursday, October 24th. The shares were sold at an average price of $7.92, for a total value of $102,960.00. Following the transaction, the director now directly owns 28,000 shares in the company, valued at approximately $221,760. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CBZ has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of CBIZ from a “sell” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at First Analysis downgraded shares of CBIZ from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, July 30th. They now have a $8.00 price target on the stock.
Shares of CBIZ (NYSE:CBZ) traded up 2.28% during mid-day trading on Monday, hitting $8.07. The stock had a trading volume of 529,111 shares. CBIZ has a 1-year low of $5.19 and a 1-year high of $7.73. The stock’s 50-day moving average is $7.10 and its 200-day moving average is $6.71. The company has a market cap of $395.4 million and a price-to-earnings ratio of 4.30.
CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $168.80 million for the quarter, compared to the consensus estimate of $164.36 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. Analysts expect that CBIZ will post $0.48 EPS for the current fiscal year.
CBIZ, Inc (NYSE:CBZ) provides professional business services, products and solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.