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

CBIZ, Inc. (NYSE:CBZ) Director Michael H. Degroote sold 8,362 shares of CBIZ stock in a transaction dated Thursday, October 14th. The shares were sold at an average price of $34.72, for a total value of $290,328.64. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CBIZ Price Performance

CBZ opened at $76.99 on Wednesday. The firm has a market capitalization of $4.14 billion, a PE ratio of 32.62 and a beta of 0.99. The business’s 50-day moving average is $79.93 and its two-hundred day moving average is $76.97. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

Analysts Set New Price Targets

Several research firms have recently commented on CBZ. William Blair restated an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in CBIZ by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock valued at $385,948,000 after acquiring an additional 43,784 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of CBIZ by 1.5% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider’s stock worth $170,319,000 after purchasing an additional 31,253 shares in the last quarter. Capital World Investors grew its stake in CBIZ by 37.6% during the 4th quarter. Capital World Investors now owns 1,134,585 shares of the business services provider’s stock worth $92,843,000 after buying an additional 309,785 shares during the last quarter. State Street Corp increased its position in CBIZ by 0.9% during the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider’s stock valued at $76,095,000 after buying an additional 10,555 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in CBIZ by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider’s stock valued at $74,644,000 after buying an additional 11,615 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

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.