Capital World Investors Buys 309,785 Shares of CBIZ, Inc. (NYSE:CBZ)

Capital World Investors increased its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 37.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,134,585 shares of the business services provider's stock after acquiring an additional 309,785 shares during the quarter. Capital World Investors owned about 2.26% of CBIZ worth $92,843,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in CBIZ by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock worth $385,948,000 after buying an additional 43,784 shares during the period. Invesco Ltd. lifted its holdings in shares of CBIZ by 157.2% during the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock valued at $62,944,000 after purchasing an additional 470,095 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 valued at $47,432,000 after purchasing an additional 48,979 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CBIZ by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after purchasing an additional 10,550 shares during the period. Finally, Neumeier Poma Investment Counsel LLC raised its holdings in CBIZ by 2.4% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 456,062 shares of the business services provider's stock worth $37,320,000 after buying an additional 10,862 shares during the period. Institutional investors own 87.44% of the company's stock.

CBIZ Stock Down 0.3 %

CBIZ stock traded down $0.21 during midday trading on Friday, reaching $66.21. The stock had a trading volume of 1,070,905 shares, compared to its average volume of 339,358. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13. 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 firm's fifty day simple moving average is $75.61 and its 200-day simple moving average is $77.85. The stock has a market capitalization of $3.58 billion, a P/E ratio of 28.06 and a beta of 0.90.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.16. The business had revenue of $838.01 million for the quarter, compared to analyst estimates of $860.25 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. During the same quarter in the previous year, the firm posted $1.54 earnings per share. As a group, analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CBZ. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research note on Friday.

Insider Activity

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the sale, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.95% of the stock is owned by corporate insiders.

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.