Point72 DIFC Ltd Invests $441,000 in CBIZ, Inc. (NYSE:CBZ)

Point72 DIFC Ltd bought a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,551 shares of the business services provider's stock, valued at approximately $441,000.

Several other large investors also recently modified their holdings of CBZ. AQR Capital Management LLC lifted its position in CBIZ by 1.2% during the second 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 period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of CBIZ by 1.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider's stock worth $1,203,000 after acquiring an additional 185 shares during the period. Inspire Investing LLC boosted its position in shares of CBIZ by 4.2% during the 2nd quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider's stock worth $352,000 after acquiring an additional 190 shares in the last quarter. US Bancorp DE boosted its position in shares of CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider's stock worth $121,000 after acquiring an additional 249 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in CBIZ by 2.2% in the second quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider's stock valued at $934,000 after acquiring an additional 275 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on CBZ. Sidoti upgraded 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 note on Monday, August 12th. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th.

CBIZ Price Performance

Shares of NYSE CBZ traded down $1.40 during mid-day trading on Friday, hitting $78.90. 211,374 shares of the stock traded hands, compared to its average volume of 297,931. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $3.96 billion, a PE ratio of 33.43 and a beta of 0.95. CBIZ, Inc. has a twelve month low of $57.44 and a twelve month high of $86.36. The firm has a 50 day simple moving average of $72.92 and a two-hundred day simple moving average of $73.45.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.