7,587 Shares in CBIZ, Inc. (NYSE:CBZ) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,587 shares of the business services provider's stock, valued at approximately $511,000.

Other large investors also recently added to or reduced their stakes in the company. Kensington Investment Counsel LLC raised its stake in CBIZ by 3.4% during the 3rd quarter. Kensington Investment Counsel LLC now owns 20,079 shares of the business services provider's stock worth $1,351,000 after buying an additional 667 shares during the period. XTX Topco Ltd acquired a new position in shares of CBIZ in the third quarter valued at approximately $739,000. State Street Corp increased its position in shares of CBIZ by 0.9% during the third quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock worth $76,095,000 after acquiring an additional 10,555 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of CBIZ by 52.3% during the third quarter. Stifel Financial Corp now owns 13,789 shares of the business services provider's stock worth $928,000 after acquiring an additional 4,738 shares during the period. Finally, Quarry LP lifted its position in CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after acquiring an additional 1,077 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Up 1.3 %

Shares of NYSE:CBZ traded up $1.07 during midday trading on Monday, reaching $80.67. The company had a trading volume of 315,197 shares, compared to its average volume of 316,674. The business's 50 day moving average price is $74.53 and its 200 day moving average price is $73.46. CBIZ, Inc. has a 1-year low of $60.59 and a 1-year 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 stock has a market cap of $4.05 billion, a PE ratio of 34.18 and a beta of 0.95.

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 business 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 company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CBIZ from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th.

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.