SG Americas Securities LLC Sells 10,955 Shares of CBIZ, Inc. (NYSE:CBZ)

SG Americas Securities LLC lessened its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 82.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,366 shares of the business services provider’s stock after selling 10,955 shares during the quarter. SG Americas Securities LLC’s holdings in CBIZ were worth $159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in CBIZ by 1.2% during the second quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock valued at $1,109,000 after acquiring an additional 176 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CBIZ by 1.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider’s stock worth $1,203,000 after purchasing an additional 185 shares during the period. Inspire Investing LLC raised its position in shares of 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 in the last quarter. Covestor Ltd boosted its stake in CBIZ by 45.5% during the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after buying an additional 221 shares during the period. Finally, Arizona State Retirement System grew its position in CBIZ by 2.2% during the second quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider’s stock worth $934,000 after buying an additional 275 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on CBZ shares. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th.

CBIZ Stock Performance

NYSE CBZ opened at $66.54 on Friday. CBIZ, Inc. has a 52-week low of $49.15 and a 52-week high of $86.36. The company has a fifty day moving average of $68.03 and a 200-day moving average of $73.06. The company has a market capitalization of $3.34 billion, a P/E ratio of 28.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48.

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