Exchange Traded Concepts LLC Has $3.28 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Exchange Traded Concepts LLC increased its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,030 shares of the business services provider's stock after acquiring an additional 6,837 shares during the period. Exchange Traded Concepts LLC owned about 0.08% of CBIZ worth $3,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CBZ. Envestnet Asset Management Inc. increased its stake in shares of CBIZ by 98.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 83,263 shares of the business services provider's stock valued at $6,170,000 after purchasing an additional 41,257 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in CBIZ in the 2nd quarter valued at approximately $203,000. Marshall Wace LLP grew its stake in shares of CBIZ by 27.5% during the second quarter. Marshall Wace LLP now owns 20,064 shares of the business services provider's stock worth $1,487,000 after buying an additional 4,327 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of CBIZ by 1.2% in the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider's stock valued at $1,109,000 after acquiring an additional 176 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in CBIZ by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,279 shares of the business services provider's stock worth $2,021,000 after acquiring an additional 357 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

CBIZ Trading Down 0.3 %

Shares of CBZ traded down $0.21 during mid-day trading on Friday, reaching $83.98. 204,299 shares of the company were exchanged, compared to its average volume of 202,761. The business has a 50 day simple moving average of $81.57 and a two-hundred day simple moving average of $75.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $4.21 billion, a PE ratio of 35.58 and a beta of 0.95. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week 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 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 for the quarter, compared to the consensus estimate of $440.16 million. During the same quarter in the previous year, the company earned $0.66 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised CBIZ from a "sell" rating to a "hold" rating in a research note on Friday, December 27th.

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.