CBIZ, Inc. (NYSE:CBZ) – Research analysts at First Analysis boosted their Q3 2017 earnings estimates for shares of CBIZ in a note issued to investors on Thursday. First Analysis analyst J. Macdonald now anticipates that the business services provider will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.21. First Analysis also issued estimates for CBIZ’s Q4 2017 earnings at ($0.01) EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
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Shares of CBIZ (NYSE:CBZ) opened at 14.60 on Monday. The firm has a market cap of $781.29 million, a P/E ratio of 18.27 and a beta of 0.91. CBIZ has a 12-month low of $10.73 and a 12-month high of $15.90. The company has a 50-day moving average of $15.07 and a 200 day moving average of $14.40.
CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. The firm had revenue of $211 million during the quarter, compared to the consensus estimate of $207.42 million. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in CBZ. Ameriprise Financial Inc. raised its position in shares of CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock worth $186,000 after buying an additional 350 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in shares of CBIZ by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 186,573 shares of the business services provider’s stock valued at $2,528,000 after buying an additional 723 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of CBIZ by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 132,396 shares of the business services provider’s stock valued at $1,794,000 after buying an additional 1,265 shares during the period. American International Group Inc. raised its stake in shares of CBIZ by 7.1% in the first quarter. American International Group Inc. now owns 30,401 shares of the business services provider’s stock valued at $412,000 after buying an additional 2,013 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of CBIZ by 6.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,615 shares of the business services provider’s stock valued at $488,000 after buying an additional 2,057 shares during the period. 84.77% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Ware H. Grove sold 22,927 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $15.25, for a total transaction of $349,636.75. Following the transaction, the insider now owns 262,673 shares of the company’s stock, valued at $4,005,763.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael W. Gleespen sold 8,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $15.01, for a total transaction of $120,080.00. Following the transaction, the insider now directly owns 101,712 shares in the company, valued at approximately $1,526,697.12. The disclosure for this sale can be found here. Insiders have sold 129,521 shares of company stock worth $1,973,233 in the last ninety days. 7.20% of the stock is currently owned by insiders.
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.
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