Citigroup Inc. Purchases 35,768 Shares of CBIZ, Inc. (NYSE:CBZ)

Citigroup Inc. increased its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 205.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,204 shares of the business services provider's stock after purchasing an additional 35,768 shares during the period. Citigroup Inc. owned approximately 0.11% of CBIZ worth $3,580,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of CBIZ by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider's stock worth $1,109,000 after purchasing an additional 176 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of CBIZ by 1.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider's stock worth $1,203,000 after purchasing an additional 185 shares during the last quarter. Inspire Investing LLC increased its position in shares of CBIZ by 4.2% during the 2nd quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider's stock worth $352,000 after purchasing an additional 190 shares during the last quarter. US Bancorp DE increased its position in shares of CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider's stock worth $121,000 after purchasing an additional 249 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of CBIZ by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider's stock worth $934,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 87.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CBZ. StockNews.com lowered CBIZ from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Sidoti raised CBIZ from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $80.00 to $86.00 in a report on Monday, August 12th.

CBIZ Stock Performance

CBZ traded down $3.14 during trading on Thursday, hitting $80.29. The stock had a trading volume of 341,446 shares, compared to its average volume of 316,444. The company has a 50 day moving average price of $72.41 and a 200-day moving average price of $73.40. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 35.40 and a beta of 0.95. CBIZ, Inc. has a one year low of $57.44 and a one 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 released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. As a group, research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

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.