Argent Capital Management LLC Grows Position in CBIZ, Inc. (NYSE:CBZ)

Argent Capital Management LLC lifted its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,079 shares of the business services provider's stock after acquiring an additional 10,098 shares during the quarter. Argent Capital Management LLC owned 0.17% of CBIZ worth $7,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CBZ. Burgundy Asset Management Ltd. raised its holdings in shares of CBIZ by 1.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider's stock valued at $164,503,000 after purchasing an additional 40,215 shares in the last quarter. State Street Corp increased its position in 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 buying an additional 10,555 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of CBIZ by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,125,766 shares of the business services provider's stock valued at $75,753,000 after buying an additional 11,401 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CBIZ by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider's stock worth $74,644,000 after buying an additional 11,615 shares during the period. Finally, Premier Fund Managers Ltd grew its holdings in shares of CBIZ by 14.0% during the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock worth $54,375,000 after buying an additional 100,000 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Performance

NYSE:CBZ traded up $0.87 during midday trading on Thursday, reaching $84.77. The stock had a trading volume of 195,720 shares, compared to its average volume of 232,282. 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 $4.25 billion, a P/E ratio of 35.92 and a beta of 0.95. The firm has a fifty day simple moving average of $80.63 and a two-hundred day simple moving average of $74.49. CBIZ, Inc. has a 12-month low of $62.10 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 EPS 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 analysts' expectations of $440.16 million. During the same quarter last year, the business earned $0.66 EPS. The business's revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that CBIZ, Inc. will post 2.65 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised CBIZ from a "sell" rating to a "hold" rating in a research note on Friday, December 27th.

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.