CBIZ, Inc. (NYSE:CBZ) Stock Holdings Lifted by Inspire Investing LLC

Inspire Investing LLC lifted its position in CBIZ, Inc. (NYSE:CBZ) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,757 shares of the business services provider’s stock after acquiring an additional 190 shares during the quarter. Inspire Investing LLC’s holdings in CBIZ were worth $352,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBZ. Capital Research Global Investors lifted its holdings in shares of CBIZ by 309.4% in the first quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock valued at $245,606,000 after purchasing an additional 2,364,545 shares in the last quarter. Vanguard Group Inc. boosted its position in CBIZ by 36.3% during the 1st quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after acquiring an additional 986,774 shares during the period. Capital World Investors purchased a new position in CBIZ during the 1st quarter valued at about $40,590,000. Norges Bank acquired a new position in shares of CBIZ in the 4th quarter valued at about $19,874,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of CBIZ in the fourth quarter worth approximately $17,804,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Up 0.3 %

CBZ opened at $67.61 on Monday. The company has a market capitalization of $3.39 billion, a PE ratio of 27.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. CBIZ, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $86.36. The business has a 50-day moving average of $73.01 and a 200-day moving average of $74.75.

CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). CBIZ had a net margin of 7.12% and a return on equity of 14.58%. The business had revenue of $420.00 million during the quarter, compared to analyst estimates of $430.38 million. During the same quarter last year, the firm earned $0.55 earnings per share. CBIZ’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that CBIZ, Inc. will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CBZ shares. Sidoti raised shares of CBIZ from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

CBIZ Company 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.