Insider Selling: CBIZ, Inc. (NYSE:CBZ) Director Sells 8,362 Shares of Stock

CBIZ, Inc. (NYSE:CBZ) Director Michael H. Degroote sold 8,362 shares of the company’s stock in a transaction 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 $4,325,834.24. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CBIZ Stock Up 1.2 %

Shares of CBIZ stock traded up $0.93 on Monday, hitting $75.90. The company had a trading volume of 481,991 shares, compared to its average volume of 318,193. The stock has a 50-day moving average of $80.27 and a 200-day moving average of $76.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month 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.

Hedge Funds Weigh In On CBIZ

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBZ. William Blair restated an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com cut 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.