Advantage Alpha Capital Partners LP Makes New Investment in CBIZ, Inc. (NYSE:CBZ)

Advantage Alpha Capital Partners LP purchased a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,168 shares of the business services provider's stock, valued at approximately $2,434,000. Advantage Alpha Capital Partners LP owned 0.07% of CBIZ as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in CBIZ by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider's stock worth $290,850,000 after purchasing an additional 986,774 shares during the last quarter. Cannon Global Investment Management LLC acquired a new position in shares of CBIZ during the third quarter worth approximately $740,000. Artemis Investment Management LLP grew its holdings in CBIZ by 22.8% in the 3rd quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider's stock worth $22,376,000 after buying an additional 61,754 shares in the last quarter. Victory Capital Management Inc. increased its position in CBIZ by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider's stock valued at $3,226,000 after acquiring an additional 8,695 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in CBIZ during the 3rd quarter worth $1,865,000. Institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

CBZ has been the topic of a number of recent analyst reports. Sidoti upgraded shares of 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. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th.

CBIZ Trading Up 1.2 %

CBZ traded up $0.99 during trading on Tuesday, reaching $83.00. The company had a trading volume of 265,501 shares, compared to its average volume of 317,795. The firm's 50-day simple moving average is $70.28 and its 200 day simple moving average is $73.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 34.97 and a beta of 0.91. CBIZ, Inc. has a 12-month low of $57.01 and a 12-month high of $86.36.

CBIZ (NYSE:CBZ - Get Free Report) last released its earnings results 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. The business had revenue of $438.90 million for the quarter, compared to the consensus estimate of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Equities research analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current 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.