The stock last traded at $16.95 just above $16.04, the stock’s 50 day moving average and well above the 200 day moving average of $15.26. The 50 day moving average was up $0.91 and the 200 day average went up $1.69 or +11.09%. 1,228 shares changed hands on Tuesday. Shares saw a steep decrease in trading volume of 99.35% under the normal average daily volume.
Short traders are more bullish on shares of CBIZ, Inc. of late if you pay attention to the downtick in short interest. The stock experienced a fall in short interest of -15.66% between September 15, 2017 and September 29, 2017. Short interest fell from 455,532 to 384,199 over that period. Days to cover decreased 0.0 to 2.0 and the short interest percentage is 0.01% as of September 29.
CBIZ, Inc. (NYSE:CBZ) has been the object of insider selling activity recently. Chris Spurio, President, Financial Services let go of $246,675 worth of shares at an average price of $15.18 on September 12th. Spurio now owns $2,903,830 of stock as recorded in a recent Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. Dalton Greiner Hartman Maher & Co bolstered its position by buying 21,664 shares an increase of 16.5% from 06/30/2017 to 09/30/2017. Dalton Greiner Hartman Maher & Co owns 152,857 shares valued at $2,484,000. The total value of its holdings increased 26.2%. Fenimore Asset Management Inc grew its holdings by buying 4,415 shares an increase of 0.8% in the quarter. Fenimore Asset Management Inc controls 560,615 shares worth $9,110,000. The value of the position overall is up by 9.2%.
Country Club Trust Company, N.a. downsized its investment by selling 2,185 shares a decrease of 10.3% as of 09/30/2017. Country Club Trust Company, N.a. now holds 19,018 shares with a value of $309,000. The value of the position overall is down by 2.8%. As of quarter end Shell Asset Management CO had sold a total of 3,000 shares trimming its holdings by 2.3%. The value of the investment in (CBZ) increased from $1,957,000 to $2,071,000 increasing 5.8% for the reporting period.
CBIZ, Inc. currently has a P/E ratio of 20.06 and market capitalization is 920.84M. In the latest earnings report the EPS was $0.85 and is estimated to be $0.87 for the current year with 54,327,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.01 and the next full year EPS is anticipated to be $0.95.
CBIZ, Inc. (CBIZ), launched on June 16, 1987, is involved in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States. Its segments include Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. It provides professional business services, products and solutions that help its clients to manage their finances and employees. These services are provided to primarily small and midsized businesses (SMB), as well as individuals, governmental entities and not-for-profit enterprises throughout the United States and parts of Canada..