CBIZ, Inc. (CBZ) Director Steven L. Gerard Sells 9,899 Shares

CBIZ, Inc. (NYSE:CBZ) Director Steven L. Gerard sold 9,899 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $15.00, for a total value of $148,485.00. Following the sale, the director now directly owns 333,382 shares of the company’s stock, valued at approximately $5,000,730. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

CBIZ, Inc. (CBZ) traded down $0.05 on Tuesday, hitting $14.90. The stock had a trading volume of 121,500 shares, compared to its average volume of 180,303. CBIZ, Inc. has a 12 month low of $12.70 and a 12 month high of $17.25. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $820.02, a P/E ratio of 18.23 and a beta of 0.79.

CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). CBIZ had a return on equity of 8.94% and a net margin of 5.34%. The firm had revenue of $207.70 million for the quarter, compared to analyst estimates of $212.66 million. During the same period in the prior year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. sell-side analysts expect that CBIZ, Inc. will post 0.84 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of CBIZ by 147.0% during the second quarter. BNP Paribas Arbitrage SA now owns 9,637 shares of the business services provider’s stock worth $145,000 after buying an additional 5,735 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of CBIZ by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 13,840 shares of the business services provider’s stock worth $208,000 after buying an additional 130 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of CBIZ during the third quarter worth $228,000. GSA Capital Partners LLP acquired a new stake in shares of CBIZ during the second quarter worth $272,000. Finally, Legal & General Group Plc lifted its holdings in shares of CBIZ by 49.6% during the second quarter. Legal & General Group Plc now owns 18,360 shares of the business services provider’s stock worth $276,000 after buying an additional 6,091 shares in the last quarter. 84.15% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded CBIZ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.

TRADEMARK VIOLATION WARNING: “CBIZ, Inc. (CBZ) Director Steven L. Gerard Sells 9,899 Shares” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/12/cbiz-inc-cbz-director-steven-l-gerard-sells-9899-shares.html.

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)

Receive News & Ratings for CBIZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply