CBIZ (CBZ) Set to Announce Quarterly Earnings on Thursday

CBIZ (NYSE:CBZGet Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

CBIZ Stock Up 0.6 %

CBZ stock opened at $66.46 on Tuesday. CBIZ has a twelve month low of $45.40 and a twelve month high of $66.85. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.31 billion, a PE ratio of 27.58 and a beta of 0.80. The business has a 50 day moving average of $62.57 and a 200 day moving average of $57.30.

Insiders Place Their Bets

In other CBIZ news, insider Ware H. Grove sold 6,849 shares of CBIZ stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $57.99, for a total value of $397,173.51. Following the completion of the sale, the insider now owns 267,675 shares of the company’s stock, valued at approximately $15,522,473.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of CBIZ

Several large investors have recently modified their holdings of CBZ. Comerica Bank bought a new stake in shares of CBIZ in the third quarter worth $41,000. Federated Hermes Inc. grew its holdings in shares of CBIZ by 56.4% in the third quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock worth $48,000 after acquiring an additional 403 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of CBIZ by 127.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider’s stock worth $57,000 after acquiring an additional 675 shares during the period. Macquarie Group Ltd. grew its holdings in shares of CBIZ by 113.6% in the second quarter. Macquarie Group Ltd. now owns 1,566 shares of the business services provider’s stock worth $62,000 after acquiring an additional 833 shares during the period. Finally, Money Concepts Capital Corp bought a new stake in shares of CBIZ in the fourth quarter worth $65,000. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Sidoti lowered CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research report on Tuesday, January 2nd.

Read Our Latest Report on CBZ

CBIZ Company Profile

(Get Free Report)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

Further Reading

Earnings History for CBIZ (NYSE:CBZ)

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