Public Employees Retirement System of Ohio Buys 12,867 Shares of CBIZ, Inc. (NYSE:CBZ)

Public Employees Retirement System of Ohio lifted its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 12.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,155 shares of the business services provider's stock after acquiring an additional 12,867 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.24% of CBIZ worth $8,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in shares of CBIZ by 1.2% during the second quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider's stock valued at $1,109,000 after buying an additional 176 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in CBIZ by 1.2% in 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 purchasing an additional 185 shares during the period. Inspire Investing LLC raised its holdings in CBIZ by 4.2% in the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider's stock worth $352,000 after purchasing an additional 190 shares in the last quarter. US Bancorp DE raised 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 worth $121,000 after purchasing an additional 249 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in CBIZ by 2.2% during the second quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider's stock valued at $934,000 after buying an additional 275 shares during the period. Institutional investors own 87.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CBIZ from a "sell" rating to a "hold" rating in a research report on Tuesday.

CBIZ Stock Down 0.4 %

Shares of CBZ traded down $0.29 during mid-day trading on Friday, reaching $79.60. The company had a trading volume of 293,147 shares, compared to its average volume of 316,681. CBIZ, Inc. has a 52 week low of $60.48 and a 52 week high of $86.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 33.85 and a beta of 0.95. The firm has a 50-day moving average price of $73.92 and a 200 day moving average price of $73.45.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $438.90 million during 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 company's revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. On average, sell-side analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current year.

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.