Media stories about CBIZ (NYSE:CBZ) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CBIZ earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.0831862719827 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts recently commented on CBZ shares. Zacks Investment Research lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. ValuEngine lowered shares of CBIZ from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Shares of CBIZ (NYSE CBZ) opened at $18.30 on Monday. The company has a market cap of $1,003.77, a price-to-earnings ratio of 20.33 and a beta of 0.82. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.39. CBIZ has a 1-year low of $13.00 and a 1-year high of $18.65.
CBIZ announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 14th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other CBIZ news, Director Steven L. Gerard sold 9,899 shares of CBIZ stock in a transaction on Friday, December 8th. The shares were sold at an average price of $15.00, for a total transaction of $148,485.00. Following the sale, the director now owns 333,382 shares of the company’s stock, valued at approximately $5,000,730. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael P. Kouzelos sold 35,000 shares of CBIZ stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.95, for a total transaction of $523,250.00. Following the sale, the insider now directly owns 287,972 shares in the company, valued at approximately $4,305,181.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,000 shares of company stock worth $3,568,851. 6.90% of the stock is currently owned by corporate insiders.
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CBIZ, Inc (CBIZ) is engaged 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.
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