Cbiz, Inc. (CBZ) Files Form 4 Insider Selling : Michael P Kouzelos Sells 70,000 Shares

Cbiz, Inc. (CBZ): Michael P Kouzelos , President, Employee Services of Cbiz, Inc. sold 70,000 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $10.69 per share for a total value of $749,080.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Kelly Marek (Treasurer) sold 27,000 shares at $10.65 per share price.On May 26, 2016, Ware H Grove (C.F.O.) sold 10,000 shares at $10.30 per share price.Also, On May 16, 2016, Chris Spurio (President, Financial Services) purchased 23 shares at $10.30 per share price.On May 16, 2016, Jerome P Grisko (CEO & President) purchased 57 shares at $10.30 per share price.

Shares of CBIZ (CBZ) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.09% at $10.68 with 1,41,715 shares getting traded. Post opening the session at $10.7, the shares hit an intraday low of $10.55 and an intraday high of $10.7 and the price vacillated in this range throughout the day. The company has a market cap of $562 M and the number of outstanding shares has been calculated to be 5,25,89,796 shares. The 52-week high of CBIZ is $11.54 and the 52-week low is $8.97.

CBIZ Money Flow Index Chart

Company has been under the radar of several Street Analysts.CBIZ is Upgraded by First Analysis Sec to Equal-Weight and the brokerage firm has set the Price Target at $9.50. Earlier the firm had a rating of Underweight on the company shares. The Rating was issued on Mar 15, 2016.

CBIZ Inc. is engaged in providing professional business services products and solutions to businesses of various sizes as well as individuals Governmental entities and not-for-profit enterprises throughout the United States and parts of Canada. CBIZ delivers its integrated services through its three practice groups: Financial Services National Practices and Employee Services. The Financial Services practice group offers various services including accounting tax Government health care consulting financial advisory valuation litigation support risk advisory services and others. The Employee Services practice group offers employee benefits consulting and brokerage property and casualty brokerage and retirement plan advisory services among others. The National Practices group offers technology and health care consulting services.

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