State of New Jersey Common Pension Fund D Makes New $1.87 Million Investment in CBIZ, Inc. (NYSE:CBZ)

State of New Jersey Common Pension Fund D acquired a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 27,711 shares of the business services provider's stock, valued at approximately $1,865,000. State of New Jersey Common Pension Fund D owned about 0.06% of CBIZ as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CBZ. Fiera Capital Corp grew its position in shares of CBIZ by 2.0% during the 3rd quarter. Fiera Capital Corp now owns 178,355 shares of the business services provider's stock worth $12,002,000 after buying an additional 3,475 shares during the period. Principal Financial Group Inc. grew its holdings in CBIZ by 25.8% during the 3rd quarter. Principal Financial Group Inc. now owns 27,860 shares of the business services provider's stock worth $1,875,000 after acquiring an additional 5,717 shares during the period. Cannon Global Investment Management LLC bought a new stake in shares of CBIZ during the 3rd quarter valued at $740,000. US Bancorp DE raised 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 valued at $121,000 after acquiring an additional 249 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of CBIZ in the 3rd quarter valued at $1,144,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CBZ. StockNews.com upgraded CBIZ from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Sidoti raised CBIZ from a "neutral" rating to a "buy" rating and upped their price target for the company from $80.00 to $86.00 in a research note on Monday, August 12th.

CBIZ Trading Up 0.1 %

Shares of NYSE CBZ traded up $0.08 during midday trading on Tuesday, reaching $77.08. 127,882 shares of the stock were exchanged, compared to its average volume of 316,293. CBIZ, Inc. has a 12 month low of $57.01 and a 12 month high of $86.36. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 32.63 and a beta of 0.91. 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 business has a 50-day simple moving average of $68.99 and a two-hundred day simple moving average of $72.96.

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

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.