FORA Capital LLC Buys New Stake in CBIZ, Inc. (NYSE:CBZ)

FORA Capital LLC purchased a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,258 shares of the business services provider's stock, valued at approximately $421,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC boosted its holdings in CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider's stock valued at $34,000 after purchasing an additional 447 shares during the last quarter. Signaturefd LLC boosted its holdings in CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock valued at $65,000 after purchasing an additional 344 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in CBIZ in the second quarter valued at about $82,000. KBC Group NV boosted its holdings in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock valued at $105,000 after purchasing an additional 356 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider's stock valued at $121,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Wall Street Analyst Weigh In

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

CBIZ Stock Performance

NYSE:CBZ traded up $0.14 during trading hours on Friday, reaching $82.58. 153,635 shares of the stock were exchanged, compared to its average volume of 317,039. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $71.49 and a 200-day simple moving average of $73.33. CBIZ, Inc. has a 52 week low of $57.19 and a 52 week high of $86.36. The stock has a market capitalization of $4.14 billion, a P/E ratio of 35.07 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last announced 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 business had revenue of $438.90 million for 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 business's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. As a group, sell-side analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.