Sizzling Mover: CBIZ, Inc. (NYSE:CBZ)

CBIZ, Inc. (NYSE:CBZ) closed with change of -0.90% to $ 16.45 with the total traded volume of 141,384 shares versus to an average volume of 214.24K. The stock was down in the 5 days activity -2.08%. The one month performance of stock was        up 2.49%.

CBIZ, Inc. (NYSE:CBZ) a USA based company, reported that it has acquired Laurus Transaction Advisors, L.L.C. (“Laurus”) of Denver, CO, effective February 1, 2018.Founded in 2008, Laurus offers buy-side and sell-side financial and accounting due diligence services for M&A transactions to private equity groups as well as public and private companies. Laurus has completed more than 650 financial and accounting due diligence engagements and projects for private equity groups and companies located throughout the U.S. Laurus recorded revenue of approximately $5.6 million in 2017 and will be combined with CBIZ’s current Transaction Advisory Services group.

Co-founder and partner at Laurus Transaction Advisors, Mark Coleman commented that we sought a partner to leverage Laurus’ market leading reputation by further scaling its ability to serve middle market private equity firms.  CBIZ offers a national platform and top ten accounting provider resources that enable us to broaden our reach and continue to deliver more responsive and value-added due diligence services, said Patrick Martin, co-founder and partner at Laurus Transaction Advisors.

Jerry Grisko, CEO and President of CBIZ, mentioned that the acquisition of Laurus further strengthens our position as an industry leader of professional business services to middle-market focused private equity firms. Mark and Patrick both share CBIZ’s commitment to exceptional client service and we are excited to have them as key leaders in our national Transactional Advisory Services group.

CBIZ, Inc. (NYSE:CBZ) shares are negative -2.08% for the quarter and driving a 29.02% rally over the course of the past year and is now up 6.47% since this point in 2018.  Right now CBZ beta is 0.83. CBZ is 6.47% upward its 200-day moving average. On a similar note, the stock is 5.14%   above its 50-day moving average. The average daily volatility for the week was at 1.71% and stands at 1.75% for the past month.

CBIZ, Inc. (NYSE:CBZ) along its subsidiaries, offers professional business services, products, and solutions in the United States and Canada. It provides its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company primarily serves small and midsized businesses, as well as individuals, governmental entities, and not-for-profit enterprises. CBIZ, Inc. was founded in 1987 and is headquartered in Cleveland, Ohio.

About the Author

Jacob Roark
Jacob Roark
Jacob Roark also covers the business news across all market sectors for mostvolatilestocks.com. He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for mostvolatilestocks.com. Email Contact - Jacob@mostvolatilestocks.com.

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