Benaree Pratt Wiley Sells 1,600 Shares of CBIZ, Inc. (NYSE:CBZ) Stock

CBIZ, Inc. (NYSE:CBZ) Director Benaree Pratt Wiley sold 1,600 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $27.45, for a total transaction of $43,920.00. Following the sale, the director now owns 9,202 shares of the company’s stock, valued at $252,594.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Benaree Pratt Wiley also recently made the following trade(s):

  • On Thursday, October 3rd, Benaree Pratt Wiley sold 1,600 shares of CBIZ stock. The stock was sold at an average price of $23.15, for a total transaction of $37,040.00.

CBZ stock opened at $26.70 on Thursday. CBIZ, Inc. has a 1 year low of $18.64 and a 1 year high of $28.13. The company has a market cap of $1.48 billion, a P/E ratio of 24.50 and a beta of 0.32. The firm has a 50-day moving average of $24.57 and a 200 day moving average of $21.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.44 and a quick ratio of 1.41.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. CBIZ had a net margin of 7.51% and a return on equity of 11.36%. The company had revenue of $239.79 million during the quarter, compared to the consensus estimate of $234.56 million. During the same period in the prior year, the firm earned $0.24 earnings per share. CBIZ’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that CBIZ, Inc. will post 1.23 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake in CBIZ by 132.7% in the third quarter. Huntington National Bank now owns 1,166 shares of the business services provider’s stock worth $27,000 after buying an additional 665 shares in the last quarter. First Mercantile Trust Co. bought a new position in CBIZ in the third quarter worth about $38,000. DekaBank Deutsche Girozentrale bought a new position in CBIZ in the second quarter worth about $37,000. US Bancorp DE bought a new position in CBIZ in the second quarter worth about $47,000. Finally, Point72 Hong Kong Ltd raised its stake in CBIZ by 4,600.0% in the second quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the business services provider’s stock worth $52,000 after buying an additional 2,576 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

CBZ has been the subject of a number of analyst reports. ValuEngine lowered shares of CBIZ from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Thursday, October 31st.

About CBIZ

CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.

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