CBIZ, Inc. (NYSE: CBZ) spotted trading -6.91% off 52-week high price. On the other end, the stock has been noted 21.73% away from the low price over the last 52-weeks. The stock changed 1.57% to recent value of $22.69. The stock transacted 196958 shares during most recent day however it has an average volume of 205.22K shares. The company has 55.32M of outstanding shares and 52.46M shares were floated in the market.
CBIZ, Inc. (NYSE: CBZ) announced the acquisition of substantially all the assets of Brinig Taylor Zimmer, Inc., (“BTZ”) of San Diego, CA, effective September 1, 2019.
Founded in 1983, BTZ is a specialized financial consulting firm providing forensic accounting, litigation consulting and business valuation services to a wide range of clients from individuals to small businesses and large publicly traded entities. BTZ has 17 employees and approximately $4 million in revenue.
Jerry Grisko, President and CEO of CBIZ, stated, “Our Forensic and Financial Services national practice has known and worked with the BTZ team for years. In addition to being one of the largest forensic accounting providers of its kind, BTZ is also one of the most experienced and respected firms in San Diego. This acquisition will add significant depth to our existing forensic accounting practice. We look forward to our new relationship with the BTZ team.”
Brian Brinig of BTZ, stated, “After 36 years of building a team-based forensic accounting and business valuation firm, the entire staff of Brinig Taylor Zimmer, Inc. is thrilled to join CBIZ, a national leader in professional advisory services. We firmly believe that there is a synergistic benefit to the relationship with CBIZ and we look forward to serving our existing clients with the strength and support of CBIZ behind us. This is a great day for Brinig Taylor Zimmer and we thank CBIZ for this opportunity.”
Its earnings per share (EPS) expected to touch remained 25.10% for this year while earning per share for the next 5-years is expected to reach at 15.00%. CBZ has a gross margin of 14.50% and an operating margin of 10.00% while its profit margin remained 7.20% for the last 12 months.
According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.97% from the mean of 20 days, 4.50% from mean of 50 days SMA and performed 10.45% from mean of 200 days price. Company’s performance for the week was -0.48%, -2.53% for month and YTD performance remained 15.18%.
Marcus Miller writes for Finance section of website. He has been a freelance journalist for 8 years, contributing to different online publications. Marcus graduated from University with a BBA in Management with a concentration in Consulting and Business Analysis. In his free time, he likes to indulge in outdoor activities, binge watch HBO GO series and catch local bands playing. He is currently based in USA, and can be reached at [email protected].
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