SG Americas Securities LLC Sells 10,955 Shares of CBIZ, Inc. (NYSE:CBZ)

SG Americas Securities LLC decreased its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 82.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,366 shares of the business services provider's stock after selling 10,955 shares during the quarter. SG Americas Securities LLC's holdings in CBIZ were worth $159,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in CBIZ by 36.3% in the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider's stock worth $290,850,000 after acquiring an additional 986,774 shares in the last quarter. Capital Research Global Investors grew its stake in CBIZ by 309.4% during the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider's stock valued at $245,606,000 after acquiring an additional 2,364,545 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in CBIZ by 1.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider's stock valued at $164,503,000 after acquiring an additional 40,215 shares in the last quarter. Capital World Investors purchased a new position in CBIZ during the 1st quarter valued at about $40,590,000. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of CBIZ by 12.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 340,124 shares of the business services provider's stock valued at $25,203,000 after buying an additional 37,028 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Price Performance

NYSE:CBZ traded down $0.15 during trading hours on Friday, reaching $66.39. The company had a trading volume of 242,458 shares, compared to its average volume of 312,181. The stock has a 50-day moving average of $68.03 and a two-hundred day moving average of $73.06. CBIZ, Inc. has a one year low of $49.15 and a one year high of $86.36. The firm has a market capitalization of $3.33 billion, a PE ratio of 28.56 and a beta of 0.92. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43.

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

Analyst Ratings Changes

A number of brokerages have issued reports on CBZ. Sidoti raised CBIZ from a "neutral" rating to a "buy" rating and upped their target price for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com lowered CBIZ from a "hold" rating to a "sell" rating in a research note on Thursday, September 5th.

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.