CBIZ, Inc. (NYSE:CBZ) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 704,888 shares of the business services provider's stock after purchasing an additional 48,979 shares during the period. JPMorgan Chase & Co. owned about 1.40% of CBIZ worth $47,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Quest Partners LLC raised its stake in CBIZ by 2,980.0% during the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider's stock valued at $34,000 after purchasing an additional 447 shares during the period. Signaturefd LLC lifted its stake in CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock worth $65,000 after purchasing an additional 344 shares in the last quarter. Quarry LP grew its holdings in CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after buying an additional 1,077 shares in the last quarter. KBC Group NV increased its position in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock worth $105,000 after purchasing an additional 356 shares during the last quarter. Finally, US Bancorp DE increased its stake in CBIZ by 16.1% during the third 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 last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Trading Down 1.8 %

Shares of NYSE:CBZ traded down $1.48 during trading hours on Monday, hitting $80.74. 231,833 shares of the company's stock traded hands, compared to its average volume of 276,644. The firm has a market capitalization of $4.05 billion, a P/E ratio of 34.21 and a beta of 0.95. The business has a fifty day moving average price of $78.83 and a 200-day moving average price of $74.05. CBIZ, Inc. has a 1 year low of $60.64 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.

CBIZ (NYSE:CBZ - Get Free Report) last issued its 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. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $438.90 million during the quarter, compared to analyst estimates of $440.16 million. During the same period in the previous year, the company posted $0.66 EPS. CBIZ's revenue was up 6.9% on a year-over-year basis. Equities analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded CBIZ from a "sell" rating to a "hold" rating in a report on Friday, December 27th.

CBIZ Company 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.