CBIZ, Inc. (NYSE:CBZ) insider Chris Spurio sold 16,250 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $15.18, for a total value of $246,675.00. Following the transaction, the insider now directly owns 191,293 shares of the company’s stock, valued at approximately $2,903,827.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CBIZ, Inc. (NYSE:CBZ) traded up 0.33% during trading on Thursday, hitting $15.10. The stock had a trading volume of 103,566 shares. The stock has a market capitalization of $820.34 million, a PE ratio of 17.87 and a beta of 0.91. The stock’s 50-day moving average is $14.82 and its 200-day moving average is $14.74. CBIZ, Inc. has a 52-week low of $10.73 and a 52-week high of $15.90.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $207.42 million. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. On average, analysts predict that CBIZ, Inc. will post $0.87 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on CBZ shares. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, June 1st. ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub lowered CBIZ from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. lifted its stake in shares of CBIZ by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 914,308 shares of the business services provider’s stock worth $13,715,000 after purchasing an additional 40,780 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of CBIZ by 25.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,939 shares of the business services provider’s stock worth $299,000 after purchasing an additional 4,047 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of CBIZ by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,771 shares of the business services provider’s stock worth $596,000 after purchasing an additional 847 shares during the last quarter. State Street Corp lifted its stake in shares of CBIZ by 6.0% during the 2nd quarter. State Street Corp now owns 1,000,676 shares of the business services provider’s stock worth $15,016,000 after purchasing an additional 56,421 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of CBIZ by 209.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 227,963 shares of the business services provider’s stock worth $3,419,000 after purchasing an additional 154,207 shares during the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

Insider Buying and Selling by Quarter for CBIZ (NYSE:CBZ)

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