CBIZ, Inc. (NYSE:CBZ) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in CBIZ, Inc. (NYSE:CBZ) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,960 shares of the business services provider’s stock after acquiring an additional 176 shares during the period. AQR Capital Management LLC’s holdings in CBIZ were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its position in CBIZ by 27.5% in the second quarter. Marshall Wace LLP now owns 20,064 shares of the business services provider’s stock worth $1,487,000 after acquiring an additional 4,327 shares in the last quarter. King Luther Capital Management Corp raised its holdings in shares of CBIZ by 4.5% in the 2nd quarter. King Luther Capital Management Corp now owns 73,410 shares of the business services provider’s stock worth $5,440,000 after purchasing an additional 3,183 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in CBIZ by 12.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 340,124 shares of the business services provider’s stock valued at $25,203,000 after purchasing an additional 37,028 shares during the last quarter. Inspire Investing LLC grew its position in CBIZ by 4.2% in the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock worth $352,000 after buying an additional 190 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of CBIZ by 1.8% in the second quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider’s stock valued at $164,503,000 after buying an additional 40,215 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Up 2.4 %

Shares of NYSE:CBZ opened at $65.29 on Friday. The firm has a 50 day simple moving average of $68.39 and a 200 day simple moving average of $73.71. CBIZ, Inc. has a 52 week low of $49.15 and a 52 week high of $86.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $3.27 billion, a PE ratio of 26.43 and a beta of 0.92.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on CBZ. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $86.00 in a research note on Monday, August 12th.

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.