CBIZ (CBZ) was Initiated by Sidoti to “Buy”. Sidoti advised their investors in a research report released on Jul 19, 2016.
On the company’s financial health, CBIZ reported $0.41 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.41. The company had revenue of $224.20 million for the quarter, compared to analysts expectations of $224.54 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
CBIZ closed down -0.1 points or -0.92% at $10.76 with 1,65,460 shares getting traded on Monday. Post opening the session at $10.89, the shares hit an intraday low of $10.7 and an intraday high of $10.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jul 18, 2016, Chris Spurio (President, Financial Services) purchased 22 shares at $10.87 per share price. According to the SEC, on Jul 18, 2016, Jerome P Grisko (CEO & President) purchased 54 shares at $10.87 per share price. On Jun 15, 2016, Todd J Slotkin (director) sold 8,000 shares at $10.55 per share price, according to the Form-4 filing with the securities and exchange commission.
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.