Assenagon Asset Management S.A. Sells 15,200 Shares of CBIZ, Inc. (NYSE:CBZ)

Assenagon Asset Management S.A. reduced its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,600 shares of the business services provider's stock after selling 15,200 shares during the period. Assenagon Asset Management S.A.'s holdings in CBIZ were worth $1,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its holdings in shares of CBIZ by 0.9% in the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock valued at $76,095,000 after acquiring an additional 10,555 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in CBIZ by 1.0% during 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 purchasing an additional 11,401 shares during the last quarter. Geode Capital Management LLC grew its stake in CBIZ by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider's stock valued at $74,644,000 after purchasing an additional 11,615 shares in the last quarter. Premier Fund Managers Ltd grew its stake in CBIZ by 14.0% in the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock valued at $54,375,000 after purchasing an additional 100,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of CBIZ by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock worth $47,432,000 after purchasing an additional 48,979 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CBIZ Stock Performance

Shares of CBZ stock traded down $0.21 during trading on Friday, reaching $83.98. 204,299 shares of the company's stock were exchanged, compared to its average volume of 234,840. The firm's fifty day moving average price is $81.57 and its 200-day moving average price is $74.99. CBIZ, Inc. has a twelve month low of $62.65 and a twelve month high of $86.36. The stock has a market capitalization of $4.21 billion, a PE ratio of 35.58 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, sell-side analysts anticipate 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.