Envestnet Asset Management Inc. Increases Position in CBIZ, Inc. (NYSE:CBZ)

Envestnet Asset Management Inc. grew its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,964 shares of the business services provider's stock after buying an additional 4,145 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of CBIZ worth $6,134,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CBZ. Smartleaf Asset Management LLC lifted its stake in CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after acquiring an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of CBIZ during the 4th quarter worth $60,000. Venturi Wealth Management LLC acquired a new position in shares of CBIZ during the fourth quarter worth $110,000. KBC Group NV raised its stake in CBIZ by 30.1% in the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock valued at $165,000 after buying an additional 468 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in CBIZ by 9.4% in the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock valued at $182,000 after purchasing an additional 191 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Performance

CBZ stock traded up $0.31 on Friday, hitting $66.73. The company's stock had a trading volume of 671,143 shares, compared to its average volume of 338,044. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. 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 cap of $3.61 billion, a price-to-earnings ratio of 28.35 and a beta of 0.90. The firm has a 50 day moving average of $75.61 and a two-hundred day moving average of $77.85.

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

Insider Buying and Selling

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction that occurred on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a research note on Friday.

CBIZ 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.