CBIZ, Inc. (NYSE:CBZ) Director Michael H. Degroote Sells 8,362 Shares

CBIZ, Inc. (NYSE:CBZ) Director Michael H. Degroote sold 8,362 shares of the business’s stock in a transaction that occurred on Thursday, October 14th. The stock was sold at an average price of $34.72, for a total value of $290,328.64. Following the transaction, the director now directly owns 124,592 shares in the company, valued at $4,325,834.24. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CBIZ Stock Performance

NYSE:CBZ traded up $0.93 on Monday, hitting $75.90. The company’s stock had a trading volume of 481,991 shares, compared to its average volume of 318,193. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13. The firm has a market capitalization of $4.08 billion, a P/E ratio of 32.16 and a beta of 0.99. The stock has a fifty day moving average of $80.27 and a two-hundred day moving average of $76.84. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On CBIZ

A number of large investors have recently added to or reduced their stakes in CBZ. Arizona State Retirement System raised its holdings in CBIZ by 1.0% in the 4th quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 125 shares during the period. Corient Private Wealth LLC lifted its holdings in CBIZ by 1.4% during the 4th quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock worth $778,000 after purchasing an additional 128 shares during the last quarter. Kensington Investment Counsel LLC boosted its stake in CBIZ by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock valued at $1,654,000 after purchasing an additional 132 shares during the period. SG Americas Securities LLC grew its holdings in CBIZ by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after buying an additional 170 shares in the last quarter. Finally, Huntington National Bank increased its position in CBIZ by 9.4% during the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock worth $182,000 after buying an additional 191 shares during the period. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CBZ shares. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research report 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.