Sanctuary Advisors LLC Takes Position in CBIZ, Inc. (NYSE:CBZ)

Sanctuary Advisors LLC bought a new position in CBIZ, Inc. (NYSE:CBZ) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,889 shares of the business services provider’s stock, valued at approximately $262,000.

A number of other institutional investors have also recently bought and sold shares of the business. Quest Partners LLC raised its stake in shares of 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 buying an additional 447 shares in the last quarter. Signaturefd LLC lifted its stake in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after purchasing an additional 344 shares during the period. Quarry LP boosted its holdings in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 1,077 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of CBIZ in the 2nd quarter valued at approximately $82,000. Finally, KBC Group NV raised its holdings in shares of CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after buying an additional 356 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Trading Down 0.8 %

Shares of CBIZ stock opened at $82.02 on Friday. CBIZ, Inc. has a 12-month low of $60.59 and a 12-month high of $86.36. The stock has a market capitalization of $4.12 billion, a P/E ratio of 34.75 and a beta of 0.95. The company has a 50-day simple moving average of $77.29 and a 200 day simple moving average of $73.87. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ (NYSE:CBZ) last posted 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. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company had revenue of $438.90 million during the quarter, compared to analyst estimates of $440.16 million. During the same quarter last year, the business posted $0.66 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Friday.

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.