CBIZ CFO Ware H. Grove Sells 4,998 Shares (CBZ)
CBIZ (NYSE:CBZ) CFO Ware H. Grove sold 4,998 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $8.49, for a total transaction of $42,433.02. Following the completion of the sale, the chief financial officer now directly owns 219,354 shares in the company, valued at approximately $1,862,315. The transaction was disclosed in a filing with the SEC, which is available at this link.
CBIZ (NYSE:CBZ) opened at 8.69 on Tuesday. CBIZ has a 1-year low of $6.30 and a 1-year high of $9.45. The stock’s 50-day moving average is $8.85 and its 200-day moving average is $8.87. The company has a market cap of $418.7 million and a P/E ratio of 5.09.
CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.04. The company had revenue of $208.90 million for the quarter, compared to the consensus estimate of $212.72 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that CBIZ will post $0.54 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of CBIZ from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $10.00 price target on the stock.
CBIZ, Inc (NYSE:CBZ) provides professional business services, products and solutions.
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