Stifel Financial Corp Buys 4,738 Shares of CBIZ, Inc. (NYSE:CBZ)

Stifel Financial Corp lifted its stake in CBIZ, Inc. (NYSE:CBZ) by 52.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,789 shares of the business services provider’s stock after buying an additional 4,738 shares during the quarter. Stifel Financial Corp’s holdings in CBIZ were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP increased its holdings in CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,077 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of CBIZ in the third quarter worth $441,000. Point72 Asset Management L.P. bought a new stake in shares of CBIZ during the 3rd quarter valued at $758,000. Janus Henderson Group PLC lifted its stake in shares of CBIZ by 3.2% during the 3rd quarter. Janus Henderson Group PLC now owns 85,964 shares of the business services provider’s stock valued at $5,784,000 after buying an additional 2,664 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in CBIZ by 24.6% in the 3rd quarter. Edgestream Partners L.P. now owns 105,842 shares of the business services provider’s stock worth $7,122,000 after buying an additional 20,906 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

CBIZ Trading Down 0.8 %

CBIZ stock opened at $80.62 on Tuesday. CBIZ, Inc. has a 1 year low of $60.59 and a 1 year high of $86.36. The firm’s 50 day moving average price is $76.10 and its 200-day moving average price is $73.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $4.05 billion, a P/E ratio of 34.16 and a beta of 0.95.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company had revenue of $438.90 million for the quarter, compared to the consensus estimate of $440.16 million. During the same period in the previous year, the firm posted $0.66 EPS. CBIZ’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.