Brokerages Anticipate CBIZ, Inc. (CBZ) to Announce $0.01 EPS

Shares of CBIZ, Inc. (NYSE:CBZ) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also given CBIZ an industry rank of 215 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently issued reports on CBZ shares. Zacks Investment Research downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. ValuEngine downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

CBIZ (NYSE:CBZ) opened at $16.10 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.54 and a quick ratio of 1.54. CBIZ has a 12-month low of $13.00 and a 12-month high of $17.25. The stock has a market cap of $880.36, a P/E ratio of 19.88 and a beta of 0.82.

In other news, Director Steven L. Gerard sold 9,899 shares of CBIZ stock in a transaction that occurred 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 transaction, the director now owns 333,382 shares of the company’s stock, valued at approximately $5,000,730. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven L. Gerard sold 33,731 shares of CBIZ stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $15.02, for a total transaction of $506,639.62. Following the completion of the sale, the director now owns 349,363 shares of the company’s stock, valued at $5,247,432.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,053 shares of company stock worth $1,575,512. Insiders own 6.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in CBIZ by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,302,818 shares of the business services provider’s stock worth $34,542,000 after purchasing an additional 108,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in CBIZ by 209.1% in 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in CBIZ by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 380,689 shares of the business services provider’s stock worth $6,186,000 after purchasing an additional 8,373 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in CBIZ in the 3rd quarter worth approximately $365,000. Finally, ClariVest Asset Management LLC boosted its stake in CBIZ by 3.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 609,568 shares of the business services provider’s stock worth $9,905,000 after purchasing an additional 19,993 shares in the last quarter. Institutional investors own 84.03% of the company’s stock.

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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.

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