CBIZ Director Sells $92,000 in Stock (CBZ)
CBIZ (NYSE:CBZ) Director Richard C. Rochon sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $9.20, for a total value of $92,000.00. Following the transaction, the director now directly owns 65,000 shares of the company’s stock, valued at approximately $598,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, 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.
Shares of CBIZ (NYSE:CBZ) traded down 0.22% on Thursday, hitting $9.27. 132,355 shares of the company’s stock traded hands. CBIZ has a one year low of $6.54 and a one year high of $9.45. The stock’s 50-day moving average is $8.67 and its 200-day moving average is $8.87. The company has a market cap of $446.6 million and a price-to-earnings ratio of 5.45.
CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that CBIZ will post $0.54 EPS for the current fiscal year.
CBIZ, Inc (NYSE:CBZ) provides professional business services, products and solutions.
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