Today it was reported that the Corp. Secretary of CBIZ Inc (NYSE: CBZ), Michael Gleespen, exercised options to sell 27,000 CBZ shares at $7.74 a share, for a total transaction value of $632.3K.
Following Michael Gleespen’s last CBZ Sell transaction on May 19, 2017, the stock climbed by 8.6%. In addition to Michael Gleespen, one other CBZ executive reported Sell trades in the last month.
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Based on CBIZ Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $233 million and quarterly net profit of $13.11 million. In comparison, last year the company earned revenue of $211 million and had a net profit of $11 million. CBZ’s market cap is $1.31B and the company has a P/E ratio of 20.84. Currently, CBIZ Inc has an average volume of 155K.
The insider sentiment on CBIZ Inc has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Michael Gleespen’s trades have generated a -15.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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CBIZ, Inc. engages in the provision of professional business services. It operates through the following segments: Financial Services, Benefits and Insurance Services, and National Practices.
