CBIZ, Inc. (NYSE:CBZ) Director Sells $290,328.64 in Stock

CBIZ, Inc. (NYSE:CBZ - Get Free Report) 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 transaction of $290,328.64. Following the sale, the director now owns 124,592 shares in the company, valued at approximately $4,325,834.24. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CBIZ Price Performance

CBZ stock traded down $1.36 during trading hours on Friday, hitting $72.50. 677,712 shares of the stock traded hands, compared to its average volume of 322,247. The stock has a 50-day simple moving average of $79.31 and a 200 day simple moving average of $76.97. The company has a market cap of $3.90 billion, a P/E ratio of 30.72 and a beta of 0.99. CBIZ, Inc. has a one year low of $62.66 and a one year 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.

Hedge Funds Weigh In On CBIZ

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

Analyst Ratings Changes

CBZ has been the topic of a number of recent analyst reports. William Blair restated an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com lowered shares of 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.