Last $8.60 USD
Change Today +0.11 / 1.30%
Volume 188.2K
CBZ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

cbiz inc (CBZ) Snapshot

Open
$8.52
Previous Close
$8.49
Day High
$8.62
Day Low
$8.49
52 Week High
03/12/14 - $9.45
52 Week Low
09/9/13 - $6.54
Market Cap
424.3M
Average Volume 10 Days
185.8K
EPS TTM
$0.46
Shares Outstanding
49.3M
EX-Date
--
P/E TM
18.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for CBIZ INC (CBZ)

cbiz inc (CBZ) Related Bloomberg News

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cbiz inc (CBZ) Details

CBIZ, Inc., through its subsidiaries, operates as a diversified services company in the United States and Canada. The company provides professional business services, products, and solutions to small and medium-sized businesses, individuals, governmental entities, and not-for-profit enterprises. It delivers its integrated services through three practice groups: Financial Services, Employee Services, and National Practices. The Financial Services practice group offers accounting, tax, financial advisory, valuation, litigation support, government health care consulting, and risk and real estate advisory services. The Employee Services practice group provides employee benefits, property and casualty, retirement plan, payroll, life insurance, human capital, compensation consulting, executive recruiting, and actuarial services. The National Practices practice group offers managed networking and hardware, and health care consulting services. CBIZ, Inc. was founded in 1987 and is headquartered in Cleveland, Ohio.

4,100 Employees
Last Reported Date: 03/14/14
Founded in 1987

cbiz inc (CBZ) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $695.2K
President and Member of Executive Management ...
Total Annual Compensation: $620.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $453.7K
Senior Vice President and President of Employ...
Total Annual Compensation: $459.4K
Senior Vice President of Strategic Developmen...
Total Annual Compensation: $469.6K
Compensation as of Fiscal Year 2013.

cbiz inc (CBZ) Key Developments

CBIZ, Inc. Appoints John A. Fleischer as Chief Information Officer

CBIZ, Inc. announced that it has appointed John A. Fleischer as Chief Information Officer, effective August 25, 2014. As Chief Information Officer for the company, Mr. Fleischer will be responsible for overseeing the company's technology activities and initiatives required for the company to achieve its strategic business objectives and to further enhance its current position as one of the large accounting, insurance brokerage and valuation service providers in the nation. Mr. Fleischer is currently a member of the Society for Information Management, Northeast Ohio Chapter.

CBIZ Operations, Inc. and CBIZ, Inc. Enter into Credit Agreement

Effective July 28, 2014, CBIZ Operations, Inc. and CBIZ, Inc. entered into a Credit Agreement dated as of July 28, 2014 by and among the company, Bank of America, N.A., as administrative agent and bank, and other participating banks. The company replaced its $275 million unsecured credit facility a new $400 million unsecured credit facility. Below is a summary of the significant terms and changes from the existing facility: The maturity date for the new credit facility will be five years from closing (July 2019); Pricing has been reduced by 25 basis points; Total leverage ratio will continue to be set at 3.50x; senior leverage test will be eliminated; Total leverage can be increased under certain circumstances; Share repurchases are unlimited when total leverage is less than 3.0x; when leverage is greater than 3.0x, annual share repurchase basket is $25 million (increased from $15 million); Other investments basket increased from $10 million to $15 million; and other permitted debt baskets increased by 50%.

CBIZ Mulls Acquisitions

CBIZ, Inc. (NYSE:CBZ) intends to pursue acquisitions. "Our acquisition pipeline remains strong. We’ve completed four transactions year-to-date and we typically do three to six and my guess is that we will do at least three to six this year. So, we are, basically where we want to be on the acquisition side," Steven L. Gerard, Chairman and Chief Executive Officer of CBIZ, said.

 

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Industry Analysis

CBZ

Industry Average

Valuation CBZ Industry Range
Price/Earnings 16.2x
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow 5.1x
TEV/Sales 0.3x
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