CBIZ, Inc. (NYSE:CBZ) Shares Bought by Creative Planning

Creative Planning boosted its stake in CBIZ, Inc. (NYSE:CBZ) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,562 shares of the business services provider’s stock after buying an additional 1,630 shares during the quarter. Creative Planning’s holdings in CBIZ were worth $1,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in CBIZ by 58.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 33,193 shares of the business services provider’s stock valued at $2,234,000 after acquiring an additional 12,238 shares during the last quarter. Inspire Investing LLC boosted its holdings in CBIZ by 29.5% during the 3rd quarter. Inspire Investing LLC now owns 6,158 shares of the business services provider’s stock valued at $414,000 after acquiring an additional 1,401 shares during the period. Artemis Investment Management LLP increased its stake in CBIZ by 22.8% during the 3rd quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock worth $22,376,000 after buying an additional 61,754 shares during the period. Handelsbanken Fonder AB raised its stake in shares of CBIZ by 2,333.3% in the third quarter. Handelsbanken Fonder AB now owns 292,000 shares of the business services provider’s stock valued at $19,649,000 after acquiring an additional 280,000 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of CBIZ by 7.1% during the second quarter. Truist Financial Corp now owns 10,978 shares of the business services provider’s stock worth $813,000 after buying an additional 723 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CBZ shares. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $86.00 in a 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 Stock Performance

NYSE CBZ opened at $68.93 on Friday. The business has a fifty day moving average of $67.89 and a 200-day moving average of $72.86. CBIZ, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $86.36. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 29.21 and a beta of 0.92. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 14.58% and a net margin of 7.12%. The business had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, analysts predict that CBIZ, Inc. will post 2.64 earnings per share for the current fiscal year.

About CBIZ

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.