Charles Schwab Investment Management Inc. Raises Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Charles Schwab Investment Management Inc. increased its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 525,330 shares of the business services provider's stock after purchasing an additional 9,872 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.05% of CBIZ worth $35,349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBZ. Comerica Bank increased its position in shares of CBIZ by 17.8% during the 1st quarter. Comerica Bank now owns 3,719 shares of the business services provider's stock worth $292,000 after purchasing an additional 563 shares during the last quarter. SG Americas Securities LLC grew its position in CBIZ by 688.2% in the 2nd quarter. SG Americas Securities LLC now owns 13,321 shares of the business services provider's stock valued at $987,000 after acquiring an additional 11,631 shares in the last quarter. Artemis Investment Management LLP grew its position in CBIZ by 23.9% in the 2nd quarter. Artemis Investment Management LLP now owns 270,780 shares of the business services provider's stock valued at $20,065,000 after acquiring an additional 52,249 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in CBIZ by 1.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider's stock valued at $1,203,000 after acquiring an additional 185 shares in the last quarter. Finally, Yarbrough Capital LLC grew its position in CBIZ by 34.6% in the 2nd quarter. Yarbrough Capital LLC now owns 8,884 shares of the business services provider's stock valued at $658,000 after acquiring an additional 2,283 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Price Performance

CBZ stock traded up $0.05 on Tuesday, reaching $81.83. 165,954 shares of the company's stock were exchanged, compared to its average volume of 315,995. The stock has a fifty day moving average of $71.77 and a 200-day moving average of $73.31. CBIZ, Inc. has a twelve month low of $57.44 and a twelve month high of $86.36. The firm has a market cap of $4.11 billion, a PE ratio of 34.66 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 posted its earnings results 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 return on equity of 15.12% and a net margin of 7.08%. CBIZ's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. As a group, equities analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CBZ has been the subject of a number of analyst reports. Sidoti raised CBIZ from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com lowered CBIZ from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th.

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.