The CBIZ, Inc. (CBZ) Downgraded by Zacks Investment Research

The CBIZ, Inc. (CBZ) Downgraded by Zacks Investment Research

According to Zacks, “CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, merger and acquisition advisory, real estate consulting, and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. As one of the nation’s largest brokers of employee benefits and property and casualty insurance, and one of the largest accounting and valuation companies in the United States, the Company’s services are provided through nearly 100 Company offices in 32 states. “

Zacks Investment Research cut shares of CBIZ, Inc. (NYSE:CBZ) from a buy rating to a hold rating in a research report report published on Wednesday.

Shares of CBIZ (CBZ) opened at 15.20 on Wednesday. The company has a 50-day moving average of $15.15 and a 200-day moving average of $13.81. CBIZ has a 52 week low of $9.95 and a 52 week high of $15.90. The stock has a market capitalization of $813.40 million, a P/E ratio of 19.02 and a beta of 0.95. CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $241.46 million during the quarter, compared to the consensus estimate of $241.95 million. CBIZ had a return on equity of 11.02% and a net margin of 4.95%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. On average, analysts anticipate that CBIZ will post $0.83 EPS for the current year.

Shares of CBIZ (CBZ) opened at 15.20 on Wednesday. The company has a 50-day moving average of $15.15 and a 200-day moving average of $13.81. CBIZ has a 52 week low of $9.95 and a 52 week high of $15.90. The stock has a market capitalization of $813.40 million, a P/E ratio of 19.02 and a beta of 0.95. In other CBIZ news, Director Steven L. Gerard sold 89,500 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $15.63, for a total value of $1,398,885.00. Following the completion of the transaction, the director now directly owns 363,983 shares in the company, valued at approximately $5,689,054.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael W. Gleespen sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $15.01, for a total value of $120,080.00. Following the completion of the transaction, the insider now owns 101,712 shares of the company’s stock, valued at $1,526,697.12. The disclosure for this sale can be found here. Insiders sold a total of 187,594 shares of company stock valued at $2,901,166 over the last 90 days. 7.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new position in CBIZ during the first quarter valued at $141,000. Gotham Asset Management LLC acquired a new position in CBIZ during the first quarter valued at $151,000. Ameriprise Financial Inc. increased its position in CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after buying an additional 350 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in CBIZ during the first quarter valued at $215,000. Finally, Tudor Investment Corp Et Al increased its position in CBIZ by 7.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 18,898 shares of the business services provider’s stock valued at $259,000 after buying an additional 1,229 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CBZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Get a free copy of the Zacks research report on CBIZ (CBZ)

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