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Jane Street Group LLC Sells 81,149 Shares of CBIZ, Inc. (NYSE:CBZ)

CBIZ logo with Business Services background

Jane Street Group LLC lowered its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 61.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,500 shares of the business services provider's stock after selling 81,149 shares during the period. Jane Street Group LLC owned 0.10% of CBIZ worth $3,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its stake in shares of CBIZ by 20.7% in the second quarter. Retirement Systems of Alabama now owns 78,162 shares of the business services provider's stock worth $5,792,000 after acquiring an additional 13,424 shares during the period. Argent Capital Management LLC raised its stake in CBIZ by 43.7% during the 2nd quarter. Argent Capital Management LLC now owns 73,214 shares of the business services provider's stock valued at $5,425,000 after buying an additional 22,256 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CBIZ by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 187,498 shares of the business services provider's stock valued at $13,894,000 after buying an additional 4,602 shares during the period. Ridgewood Investments LLC purchased a new position in shares of CBIZ in the 2nd quarter worth $137,000. Finally, Panagora Asset Management Inc. grew its holdings in shares of CBIZ by 5.6% in the second quarter. Panagora Asset Management Inc. now owns 33,060 shares of the business services provider's stock worth $2,450,000 after acquiring an additional 1,749 shares during the period. Institutional investors own 87.44% of the company's stock.

CBIZ Stock Performance

CBZ stock traded up $0.82 during midday trading on Friday, reaching $81.25. 564,315 shares of the company's stock traded hands, compared to its average volume of 319,395. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 52-week low of $60.59 and a 52-week high of $86.36. The stock has a market cap of $4.08 billion, a P/E ratio of 34.43 and a beta of 0.95. The stock's 50-day moving average is $75.48 and its 200 day moving average is $73.59.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised CBIZ from a "sell" rating to a "hold" rating in a report on Thursday.

Read Our Latest Research Report on CBIZ

About CBIZ

(Free Report)

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.

See Also

Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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