CBIZ, Inc. (NYSE:CBZ) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,718,316 shares of the business services provider’s stock after acquiring an additional 51,127 shares during the period. Vanguard Group Inc. owned about 5.43% of CBIZ worth $170,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. boosted its stake in shares of CBIZ by 24.8% during the 4th quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $57,000 after acquiring an additional 180 shares in the last quarter. Moran Wealth Management LLC boosted its position in CBIZ by 3.9% during the fourth quarter. Moran Wealth Management LLC now owns 5,093 shares of the business services provider’s stock worth $319,000 after purchasing an additional 189 shares in the last quarter. Diversified Trust Co grew its holdings in CBIZ by 2.6% in the third quarter. Diversified Trust Co now owns 9,881 shares of the business services provider’s stock valued at $513,000 after purchasing an additional 251 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of CBIZ by 6.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,381 shares of the business services provider’s stock valued at $227,000 after buying an additional 257 shares in the last quarter. Finally, Argent Capital Management LLC raised its stake in shares of CBIZ by 0.9% during the 4th quarter. Argent Capital Management LLC now owns 50,079 shares of the business services provider’s stock worth $3,134,000 after buying an additional 426 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a report on Thursday, June 27th.

CBIZ Price Performance

CBZ opened at $74.52 on Thursday. The company has a market cap of $3.73 billion, a PE ratio of 30.17 and a beta of 0.93. CBIZ, Inc. has a twelve month low of $49.15 and a twelve month high of $80.42. The company has a 50-day moving average price of $75.51 and a 200 day moving average price of $71.89. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50.

CBIZ (NYSE:CBZ) last released its earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). CBIZ had a net margin of 7.65% and a return on equity of 15.43%. The firm had revenue of $494.30 million during the quarter, compared to analysts’ expectations of $490.88 million. During the same quarter last year, the business earned $1.46 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts expect that CBIZ, Inc. will post 2.74 earnings per share for the current fiscal year.

CBIZ Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.