Dynamic Technology Lab Private Ltd Takes $1.16 Million Position in CBIZ, Inc. (NYSE:CBZ)

Dynamic Technology Lab Private Ltd purchased a new position in CBIZ, Inc. (NYSE:CBZ - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,231 shares of the business services provider's stock, valued at approximately $1,159,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quest Partners LLC boosted its position in shares of CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider's stock worth $34,000 after acquiring an additional 447 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of 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 purchasing an additional 344 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of CBIZ during the 2nd quarter valued at $82,000. KBC Group NV grew its stake in shares of CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock valued at $105,000 after buying an additional 356 shares during the period. Finally, US Bancorp DE increased its holdings 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 worth $121,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Sidoti raised CBIZ from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $80.00 to $86.00 in a research note on Monday, August 12th.

CBIZ Price Performance

CBIZ stock opened at $83.00 on Wednesday. The firm has a fifty day moving average of $70.28 and a 200-day moving average of $73.11. CBIZ, Inc. has a 52-week low of $57.01 and a 52-week high of $86.36. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.17 billion, a P/E ratio of 35.17 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) 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 the consensus estimate of $0.76 by $0.08. The firm had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. As a group, analysts predict that CBIZ, Inc. will post 2.65 EPS for the current 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.