State Street Corp Buys 10,555 Shares of CBIZ, Inc. (NYSE:CBZ)

State Street Corp boosted its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 0.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,130,848 shares of the business services provider's stock after purchasing an additional 10,555 shares during the period. State Street Corp owned about 2.25% of CBIZ worth $76,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. grew its position in CBIZ by 1.8% during the second quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider's stock valued at $164,503,000 after buying an additional 40,215 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of CBIZ by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,125,766 shares of the business services provider's stock valued at $75,753,000 after acquiring an additional 11,401 shares during the period. Premier Fund Managers Ltd grew its stake in CBIZ by 14.0% during the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock valued at $54,375,000 after acquiring an additional 100,000 shares in the last quarter. FMR LLC increased its holdings in CBIZ by 27.4% during the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider's stock worth $40,015,000 after acquiring an additional 127,822 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in CBIZ by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 525,330 shares of the business services provider's stock worth $35,349,000 after purchasing an additional 9,872 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Price Performance

CBZ traded down $0.05 during trading on Wednesday, reaching $81.62. The stock had a trading volume of 64,089 shares, compared to its average volume of 316,104. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. CBIZ, Inc. has a one year low of $60.59 and a one year high of $86.36. The stock has a market cap of $4.10 billion, a PE ratio of 34.62 and a beta of 0.95. The business has a 50-day moving average of $74.86 and a 200-day moving average of $73.51.

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 analysts' consensus estimates of $0.76 by $0.08. The firm had revenue of $438.90 million for the quarter, compared to analysts' expectations of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share. As a group, equities research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CBIZ from a "sell" rating to a "hold" rating in a report on Tuesday, December 10th.

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.