US Bancorp DE Has $121,000 Stake in CBIZ, Inc. (NYSE:CBZ)

US Bancorp DE increased its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,796 shares of the business services provider’s stock after acquiring an additional 249 shares during the quarter. US Bancorp DE’s holdings in CBIZ were worth $121,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CBZ. Capital World Investors bought a new stake in shares of CBIZ during the 1st quarter worth about $40,590,000. Vanguard Group Inc. boosted its holdings in shares of CBIZ by 36.3% during the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after acquiring an additional 986,774 shares during the period. Blair William & Co. IL grew its position in shares of CBIZ by 102.7% in the first quarter. Blair William & Co. IL now owns 130,191 shares of the business services provider’s stock valued at $10,220,000 after purchasing an additional 65,968 shares during the last quarter. Artemis Investment Management LLP increased its stake in shares of CBIZ by 22.8% during the third quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock worth $22,376,000 after purchasing an additional 61,754 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in CBIZ by 6.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 303,096 shares of the business services provider’s stock worth $23,793,000 after purchasing an additional 18,638 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a research report on Tuesday.

CBIZ Stock Performance

CBZ opened at $76.48 on Friday. 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, Inc. has a 52-week low of $56.64 and a 52-week high of $86.36. The firm has a market cap of $3.84 billion, a P/E ratio of 32.41 and a beta of 0.91. The business’s fifty day moving average is $68.76 and its 200-day moving average is $72.91.

CBIZ (NYSE:CBZ) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $438.90 million during the quarter, compared to analysts’ expectations of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. Sell-side analysts expect that CBIZ, Inc. will post 2.65 EPS 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.