Follow The Short Interest: Cbiz Incorporated (NYSE:CBZ) Reports Increase in Sellers; Strong Momentum for Short Players

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Follow The Short Interest: Cbiz Incorporated (NYSE:CBZ) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Cbiz Incorporated (NYSE:CBZ) registered an increase of 2.12% in short interest. CBZ’s total short interest was 847,200 shares in November as published by FINRA. Its up 2.12% from 829,600 shares, reported previously. With 99,300 shares average volume, it will take short sellers 9 days to cover their CBZ’s short positions. The short interest to Cbiz Incorporated’s float is 1.69%. The stock decreased 0.80% or $0.1 during the last trading session, hitting $12.4. CBIZ, Inc. (NYSE:CBZ) has risen 23.63% since April 26, 2016 and is uptrending. It has outperformed by 18.37% the S&P500.

CBIZ, Inc. is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The company has a market cap of $665.05 million. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services. It has a 16.31 P/E ratio. The Financial Services practice group offers accounting and tax compliance, and consulting, as well as litigation support.

Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 0.63, from 0.89 in 2016Q1. The ratio increased, as 14 funds sold all CBIZ, Inc. shares owned while 40 reduced positions. 7 funds bought stakes while 41 increased positions. They now own 43.91 million shares or 0.55% less from 44.15 million shares in 2016Q1.
Renaissance Limited Liability Corp accumulated 0.01% or 331,726 shares. Zacks Management last reported 80,751 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) owns 955 shares or 0% of their US portfolio. Blackrock Gp accumulated 15,950 shares or 0% of the stock. Susquehanna Intll Grp Inc Ltd Liability Partnership, a Pennsylvania-based fund reported 92,513 shares. Cubist Systematic Strategies Limited Liability holds 32,069 shares or 0.02% of its portfolio. Axa, a France-based fund reported 35,300 shares. Inv Counselors Of Maryland Limited Com holds 0.68% or 1.19M shares in its portfolio. Country Club Tru Na owns 24,655 shares or 0.04% of their US portfolio. Martingale Asset Management L P has 0.01% invested in the company for 39,620 shares. Hsbc Public Ltd Company has 10,855 shares for 0% of their US portfolio. Creative Planning has 840 shares for 0% of their US portfolio. Prudential Finance, a New Jersey-based fund reported 12,172 shares. Glenmede Tru Na holds 0% of its portfolio in CBIZ, Inc. (NYSE:CBZ) for 120 shares. Burgundy Asset Ltd last reported 0.56% of its portfolio in the stock.

Insider Transactions: Since June 3, 2016, the stock had 5 buys, and 10 selling transactions for $4.68 million net activity. On Monday, November 14 Marek Kelly sold $210,845 worth of the stock or 18,000 shares. SPURIO CHRIS bought $233 worth of stock. The insider GRISKO JEROME P bought $587. GROVE WARE H sold $58,382 worth of stock or 5,306 shares. $2.03 million worth of CBIZ, Inc. (NYSE:CBZ) shares were sold by GERARD STEVEN L. 70,000 shares were sold by Kouzelos Michael P, worth $749,080 on Friday, June 3. On Tuesday, June 14 the insider SLOTKIN TODD J sold $84,360.

CBIZ, Inc. (NYSE:CBZ) Ratings Coverage

Out of 2 analysts covering CBIZ (NYSE:CBZ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $11 is the highest target while $9.50 is the lowest. The $9.50 average target is -23.39% below today’s ($12.4) stock price. CBIZ has been the topic of 6 analyst reports since October 7, 2015 according to StockzIntelligence Inc. Sidoti initiated the shares of CBZ in a report on Tuesday, July 19 with “Buy” rating. The stock of CBIZ, Inc. (NYSE:CBZ) earned “Equal-Weight” rating by First Analysis on Wednesday, October 7. First Analysis upgraded the stock to “Equal-Weight” rating in Tuesday, March 15 report. As per Thursday, October 29, the company rating was downgraded by First Analysis. The stock has “Buy” rating given by Sidoti on Thursday, January 21. Sidoti downgraded the shares of CBZ in a report on Tuesday, October 13 to “Neutral” rating.

CBZ Company Profile

CBIZ, Inc., incorporated on June 16, 1987, is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services.

More recent CBIZ, Inc. (NYSE:CBZ) news were published by: Crainscleveland.com which released: “Pittsburgh health system sues CBIZ Inc. in federal court, seeking $142 million” on September 23, 2016. Also Streetinsider.com published the news titled: “CBIZ, Inc. (CBZ) Inks Deal to Acquire Actuarial Consultants, Inc.” on November 02, 2016. Streetinsider.com‘s news article titled: “CBIZ, Inc. (CBZ) Announces Acquisition of Savitz” with publication date: April 01, 2016 was also an interesting one.

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By Marie Mckinney


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