Wells Fargo & Company MN Acquires 8,014 Shares of CBIZ, Inc. (NYSE:CBZ)

Wells Fargo & Company MN increased its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 23.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,803 shares of the business services provider's stock after purchasing an additional 8,014 shares during the quarter. Wells Fargo & Company MN owned 0.09% of CBIZ worth $3,503,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CBZ. Royce & Associates LP boosted its stake in shares of CBIZ by 7.0% in the 4th quarter. Royce & Associates LP now owns 208,919 shares of the business services provider's stock worth $17,096,000 after buying an additional 13,738 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CBIZ by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after acquiring an additional 10,550 shares during the period. Retirement Systems of Alabama boosted its position in CBIZ by 10.3% in the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock worth $5,800,000 after purchasing an additional 8,032 shares during the last quarter. Principal Financial Group Inc. boosted its position in CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock worth $2,580,000 after purchasing an additional 3,663 shares during the last quarter. Finally, King Luther Capital Management Corp grew its stake in shares of CBIZ by 11.3% during the 4th quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock valued at $6,721,000 after purchasing an additional 8,365 shares during the period. Institutional investors own 87.44% of the company's stock.

CBIZ Stock Performance

CBZ traded down $0.21 during midday trading on Friday, reaching $66.21. The company had a trading volume of 1,070,905 shares, compared to its average volume of 337,923. The business has a 50-day moving average of $75.21 and a two-hundred day moving average of $77.86. 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, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. The company has a market cap of $3.58 billion, a P/E ratio of 28.06 and a beta of 0.90.

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

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now directly owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CBZ. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a research report on Friday.

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.