CBIZ, Inc. (NYSE:CBZ) Director Sells $468,240.50 in Stock

CBIZ, Inc. (NYSE:CBZ) Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the transaction, the director now owns 41,759 shares of the company’s stock, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

CBIZ Price Performance

CBZ stock opened at $69.94 on Wednesday. The stock has a 50-day moving average price of $82.90 and a two-hundred day moving average price of $76.64. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market cap of $3.76 billion, a PE ratio of 29.64 and a beta of 0.99.

Institutional Investors Weigh In On CBIZ

Institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its position in shares of CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after buying an additional 367 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after buying an additional 276 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in shares of CBIZ in the fourth quarter worth about $60,000. Quarry LP boosted its position in shares of CBIZ by 6,335.3% in the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after buying an additional 1,077 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in shares of CBIZ in the fourth quarter worth about $110,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

CBZ has been the subject of a number of research reports. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th.

About CBIZ

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.