Bancreek Capital Management LP Raises Position in CBIZ, Inc. (NYSE:CBZ)

Bancreek Capital Management LP boosted its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 49.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,212 shares of the business services provider's stock after purchasing an additional 49,629 shares during the period. CBIZ accounts for about 6.4% of Bancreek Capital Management LP's investment portfolio, making the stock its 3rd biggest holding. Bancreek Capital Management LP owned 0.30% of CBIZ worth $10,108,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CBZ. Capital Research Global Investors increased its position in CBIZ by 309.4% during the first quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider's stock worth $245,606,000 after buying an additional 2,364,545 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CBIZ by 36.3% during the 1st quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider's stock worth $290,850,000 after acquiring an additional 986,774 shares during the period. Capital World Investors acquired a new position in shares of CBIZ during the 1st quarter worth approximately $40,590,000. Geneva Capital Management LLC bought a new stake in CBIZ in the 3rd quarter valued at $19,037,000. Finally, Handelsbanken Fonder AB lifted its holdings in CBIZ by 2,333.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 292,000 shares of the business services provider's stock valued at $19,649,000 after purchasing an additional 280,000 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Performance

NYSE CBZ traded up $0.76 on Wednesday, reaching $78.78. The stock had a trading volume of 122,590 shares, compared to its average volume of 315,791. CBIZ, Inc. has a 1-year low of $56.64 and a 1-year high of $86.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $3.95 billion, a P/E ratio of 33.56 and a beta of 0.91. The firm has a fifty day moving average of $68.36 and a two-hundred day moving average of $72.80.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. During the same period last year, the firm earned $0.66 earnings per share. CBIZ's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CBZ shares. Sidoti upgraded shares of CBIZ from a "neutral" rating to a "buy" rating and upped their price objective for the company from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com raised shares of CBIZ from a "sell" rating to a "hold" rating in a report on Tuesday.

CBIZ 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.