Captrust Financial Advisors Sells 13,444 Shares of CBIZ, Inc. (NYSE:CBZ)

Captrust Financial Advisors reduced its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 56.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,200 shares of the business services provider's stock after selling 13,444 shares during the period. Captrust Financial Advisors' holdings in CBIZ were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CBZ. Quest Partners LLC grew its position in CBIZ by 2,980.0% during the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider's stock worth $34,000 after purchasing an additional 447 shares in the last quarter. Signaturefd LLC grew its holdings in shares of CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock valued at $65,000 after buying an additional 344 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in CBIZ during the second quarter valued at $82,000. KBC Group NV lifted its stake in CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock worth $105,000 after acquiring an additional 356 shares in the last quarter. Finally, US Bancorp DE boosted its position in CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider's stock worth $121,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CBIZ from a "sell" rating to a "hold" rating in a research note on Tuesday.

CBIZ Trading Down 1.6 %

Shares of NYSE CBZ traded down $1.28 during midday trading on Wednesday, hitting $77.90. The stock had a trading volume of 256,718 shares, compared to its average volume of 316,759. The company's 50-day simple moving average is $73.62 and its 200 day simple moving average is $73.41. The firm has a market cap of $3.91 billion, a P/E ratio of 33.01 and a beta of 0.95. CBIZ, Inc. has a fifty-two week low of $57.79 and a fifty-two week 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.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates 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%. CBIZ's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

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.