Taylor Frigon Capital Management LLC Buys Shares of 21,043 CBIZ, Inc. (NYSE:CBZ)

Taylor Frigon Capital Management LLC purchased a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,043 shares of the business services provider's stock, valued at approximately $1,416,000.

A number of other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings 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 worth $1,109,000 after purchasing an additional 176 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in CBIZ by 1.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider's stock worth $1,203,000 after buying an additional 185 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of CBIZ by 4.2% during the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider's stock worth $352,000 after buying an additional 190 shares in the last quarter. Covestor Ltd raised its stake in shares of CBIZ by 45.5% in the first 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 last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of CBIZ by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider's stock worth $934,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Price Performance

Shares of CBIZ stock traded up $0.56 during midday trading on Thursday, reaching $66.54. The company had a trading volume of 384,301 shares, compared to its average volume of 312,519. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $68.09 and a 200 day simple moving average of $73.10. CBIZ, Inc. has a 1-year low of $49.15 and a 1-year high of $86.36. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 28.41 and a beta of 0.92.

CBIZ (NYSE:CBZ - Get Free Report) last released its earnings results on Thursday, August 1st. The business services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.29). CBIZ had a net margin of 7.12% and a return on equity of 14.58%. The firm had revenue of $420.00 million during the quarter, compared to analyst estimates of $430.38 million. During the same period last year, the business posted $0.55 earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.64 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on CBZ shares. Sidoti upgraded CBIZ from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a research report on Thursday, September 5th.

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.