CBIZ, Inc. (NYSE:CBZ - Get Free Report) Director Michael H. Degroote sold 8,362 shares of the business's stock in a transaction on Thursday, October 14th. The shares were sold at an average price of $34.72, for a total transaction of $290,328.64. Following the transaction, the director now directly owns 124,592 shares of the company's stock, valued at approximately $4,325,834.24. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
CBIZ Price Performance
Shares of NYSE CBZ opened at $75.90 on Tuesday. The stock has a market cap of $4.08 billion, a P/E ratio of 32.16 and a beta of 0.99. The firm's 50-day simple moving average is $80.10 and its 200 day simple moving average is $76.91. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.
Institutional Trading of CBIZ
A number of institutional investors have recently made changes to their positions in the stock. McIlrath & Eck LLC increased its stake in shares of CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after acquiring an additional 367 shares during the period. Smartleaf Asset Management LLC increased its position in shares of CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock valued at $53,000 after purchasing an additional 276 shares during the period. VisionPoint Advisory Group LLC bought a new stake in shares of CBIZ in the 4th quarter worth $60,000. Quarry LP raised its stake in shares of CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider's stock worth $74,000 after buying an additional 1,077 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of CBIZ in the fourth quarter valued at $110,000. 87.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on CBZ. William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.
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CBIZ Company Profile
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CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.
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