CBIZ, Inc. (NYSE:CBZ) Stock Position Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in CBIZ, Inc. (NYSE:CBZ) by 22.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,943 shares of the business services provider’s stock after purchasing an additional 8,695 shares during the period. Victory Capital Management Inc. owned 0.10% of CBIZ worth $3,226,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CBZ. Quest Partners LLC increased its position in CBIZ by 2,980.0% in the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 447 shares during the period. Signaturefd LLC increased its position in CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 344 shares during the period. Picton Mahoney Asset Management acquired a new stake in CBIZ in the 2nd quarter valued at approximately $82,000. US Bancorp DE increased its position in shares of CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in shares of CBIZ during the 2nd quarter valued at $137,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CBZ shares. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research report on Wednesday. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Stock Up 1.7 %

Shares of CBZ stock opened at $80.79 on Friday. CBIZ, Inc. has a 1 year low of $57.01 and a 1 year high of $86.36. The stock has a market cap of $4.05 billion, a PE ratio of 34.23 and a beta of 0.91. The business’s fifty day moving average is $70.00 and its 200-day moving average is $73.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $438.90 million during the quarter, compared to analyst estimates of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. Equities analysts expect that CBIZ, Inc. will post 2.65 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.