CBIZ, Inc. (NYSE:CBZ) Director Sells $498,200.00 in Stock

CBIZ, Inc. (NYSE:CBZ – Get Rating) Director Joseph S. Dimartino sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $49.82, for a total transaction of $498,200.00. Following the completion of the transaction, the director now directly owns 30,872 shares of the company’s stock, valued at approximately $1,538,043.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CBIZ Stock Performance

Shares of NYSE CBZ opened at $50.20 on Friday. CBIZ, Inc. has a 52-week low of $37.01 and a 52-week high of $53.47. The company has a market cap of $2.53 billion, a PE ratio of 21.45 and a beta of 0.76. The firm’s 50-day moving average price is $49.78 and its 200-day moving average price is $48.81. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.52.

CBIZ (NYSE:CBZ – Get Rating) last released its earnings results on Thursday, April 27th. The business services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.17. CBIZ had a net margin of 8.16% and a return on equity of 16.24%. The company had revenue of $454.60 million for the quarter, compared to analysts’ expectations of $432.66 million. During the same quarter last year, the business earned $1.18 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. As a group, analysts anticipate that CBIZ, Inc. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of CBIZ in a report on Thursday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On CBIZ

Several large investors have recently bought and sold shares of CBZ. MetLife Investment Management LLC boosted its stake in shares of CBIZ by 60.8% during the first quarter. MetLife Investment Management LLC now owns 26,273 shares of the business services provider’s stock valued at $1,103,000 after purchasing an additional 9,933 shares during the period. Aviva PLC bought a new stake in shares of CBIZ in the first quarter valued at about $1,557,000. Vanguard Group Inc. raised its holdings in shares of CBIZ by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,551,939 shares of the business services provider’s stock valued at $107,105,000 after acquiring an additional 23,498 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of CBIZ in the first quarter valued at about $1,203,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in CBIZ by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 495,903 shares of the business services provider’s stock worth $20,814,000 after purchasing an additional 13,262 shares in the last quarter. Institutional investors own 88.74% of the company’s stock.

About CBIZ

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CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.