Premier Fund Managers Ltd Purchases 100,000 Shares of CBIZ, Inc. (NYSE:CBZ)

Premier Fund Managers Ltd raised its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 14.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 813,698 shares of the business services provider's stock after acquiring an additional 100,000 shares during the period. CBIZ makes up approximately 1.9% of Premier Fund Managers Ltd's holdings, making the stock its 25th biggest position. Premier Fund Managers Ltd owned approximately 1.62% of CBIZ worth $54,375,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quest Partners LLC raised its holdings in shares of CBIZ by 2,980.0% during 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. 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 worth $56,000 after buying an additional 221 shares during the period. Signaturefd LLC lifted its position in shares of CBIZ by 55.8% during the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock valued at $65,000 after buying an additional 344 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of CBIZ during the 2nd quarter valued at approximately $82,000. Finally, KBC Group NV increased its holdings in CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock worth $105,000 after acquiring an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

CBZ has been the topic of several analyst reports. Sidoti raised shares of CBIZ from a "neutral" rating to a "buy" rating and lifted their price target for the company from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a research report on Wednesday.

CBIZ Price Performance

Shares of NYSE CBZ traded down $0.53 during mid-day trading on Wednesday, reaching $76.54. The company's stock had a trading volume of 50,153 shares, compared to its average volume of 315,841. The stock has a fifty day moving average of $69.24 and a two-hundred day moving average of $72.99. The firm has a market capitalization of $3.84 billion, a PE ratio of 32.66 and a beta of 0.91. CBIZ, Inc. has a 52 week low of $57.01 and a 52 week high of $86.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating 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 business had revenue of $438.90 million during the quarter, compared to analyst estimates of $440.16 million. During the same period last year, the firm posted $0.66 EPS. The company's revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate 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.