CBIZ, Inc. (NYSE:CBZ) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of CBIZ, Inc. (NYSE:CBZ – Get Rating) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,448 shares of the business services provider’s stock after selling 1,057 shares during the quarter. Truist Financial Corp’s holdings in CBIZ were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC acquired a new position in CBIZ in the 3rd quarter worth $134,000. Fenimore Asset Management Inc. lifted its holdings in CBIZ by 0.7% in the 3rd quarter. Fenimore Asset Management Inc. now owns 589,592 shares of the business services provider’s stock worth $25,223,000 after buying an additional 3,945 shares in the last quarter. Calamos Advisors LLC acquired a new position in CBIZ in the 3rd quarter worth $2,183,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in CBIZ by 8.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,749 shares of the business services provider’s stock worth $332,000 after buying an additional 600 shares in the last quarter. Finally, HMS Capital Management LLC acquired a new position in CBIZ in the 3rd quarter worth $279,000. Institutional investors and hedge funds own 88.74% of the company’s stock.

Insider Activity

In related news, insider Ware H. Grove sold 13,599 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $50.08, for a total transaction of $681,037.92. Following the completion of the sale, the insider now owns 257,844 shares of the company’s stock, valued at approximately $12,912,827.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Ware H. Grove sold 13,599 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $50.08, for a total transaction of $681,037.92. Following the completion of the sale, the insider now owns 257,844 shares of the company’s stock, valued at approximately $12,912,827.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ware H. Grove sold 1,401 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $50.00, for a total transaction of $70,050.00. Following the sale, the insider now directly owns 257,844 shares of the company’s stock, valued at approximately $12,892,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,000 shares of company stock worth $2,155,368. 6.50% of the stock is currently owned by corporate insiders.

CBIZ Stock Performance

Shares of CBIZ stock opened at $47.27 on Tuesday. The firm has a market cap of $2.40 billion, a PE ratio of 23.17 and a beta of 0.76. The firm’s 50-day simple moving average is $48.05 and its 200-day simple moving average is $45.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.27 and a current ratio of 1.27. CBIZ, Inc. has a 1 year low of $35.46 and a 1 year high of $51.67.

CBIZ (NYSE:CBZ – Get Rating) last issued its earnings results on Thursday, October 27th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $363.26 million for the quarter, compared to analyst estimates of $335.30 million. CBIZ had a net margin of 7.89% and a return on equity of 14.94%. Equities analysts forecast that CBIZ, Inc. will post 2.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of CBIZ in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

CBIZ Profile

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CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.