Mawer Investment Management Ltd. Sells 585,934 Shares of CBIZ, Inc. (NYSE:CBZ)

Mawer Investment Management Ltd. trimmed its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 74.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,628 shares of the business services provider's stock after selling 585,934 shares during the quarter. Mawer Investment Management Ltd. owned 0.41% of CBIZ worth $13,837,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CBZ. Quest Partners LLC increased its position in shares of CBIZ by 2,980.0% during the second quarter. Quest Partners LLC now owns 462 shares of the business services provider's stock worth $34,000 after acquiring an additional 447 shares in the last quarter. Covestor Ltd grew its position in shares of CBIZ by 45.5% during the 1st quarter. Covestor Ltd now owns 707 shares of the business services provider's stock valued at $56,000 after acquiring an additional 221 shares during the period. Signaturefd LLC raised its stake in CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock valued at $65,000 after acquiring an additional 344 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of CBIZ in the second quarter valued at approximately $82,000. Finally, KBC Group NV grew 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 valued at $105,000 after buying an additional 356 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CBZ shares. Sidoti raised shares of CBIZ from a "neutral" rating to a "buy" rating and raised their price target for the company from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com upgraded CBIZ from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.

CBIZ Price Performance

Shares of NYSE:CBZ traded up $0.52 during trading on Monday, reaching $77.00. The company had a trading volume of 230,597 shares, compared to its average volume of 317,138. The company has a fifty day moving average of $68.76 and a two-hundred day moving average of $72.93. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $3.86 billion, a P/E ratio of 32.51 and a beta of 0.91. CBIZ, Inc. has a 12 month low of $57.01 and a 12 month high of $86.36.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The firm had revenue of $438.90 million during 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%. The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Equities research analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

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.