CBIZ, Inc. (NYSE:CBZ) Director Sells $290,328.64 in Stock

CBIZ, Inc. (NYSE:CBZ) Director Michael H. Degroote sold 8,362 shares of CBIZ stock in a transaction that occurred 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 sale, the director now owns 124,592 shares of the company’s stock, valued at approximately $4,325,834.24. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CBIZ Stock Down 2.0 %

CBZ opened at $75.42 on Thursday. CBIZ, Inc. has a 12 month low of $62.66 and a 12 month high of $90.13. The business has a 50-day moving average of $79.74 and a two-hundred day moving average of $76.96. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 31.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

Hedge Funds Weigh In On CBIZ

Hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in shares of CBIZ in the 3rd quarter worth $679,000. Charles Schwab Investment Management Inc. raised its holdings in shares of CBIZ by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 525,330 shares of the business services provider’s stock worth $35,349,000 after purchasing an additional 9,872 shares during the period. Citigroup Inc. lifted its stake in shares of CBIZ by 205.1% in the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock valued at $3,580,000 after purchasing an additional 35,768 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of CBIZ by 26.6% during the 3rd quarter. Cerity Partners LLC now owns 13,636 shares of the business services provider’s stock worth $918,000 after purchasing an additional 2,861 shares during the period. Finally, FMR LLC increased its position in CBIZ by 27.4% during the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock worth $40,015,000 after purchasing an additional 127,822 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

CBIZ Company Profile

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.