UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 117,784 shares of the business services provider's stock after selling 11,157 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of CBIZ worth $7,926,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC boosted its holdings in CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider's stock valued at $34,000 after acquiring an additional 447 shares during the last quarter. Signaturefd LLC boosted its position in shares of CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock worth $65,000 after purchasing an additional 344 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of CBIZ during the second quarter worth $82,000. KBC Group NV increased its holdings in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock valued at $105,000 after purchasing an additional 356 shares during the last quarter. Finally, US Bancorp DE lifted its stake in CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider's stock valued at $121,000 after buying an additional 249 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.
CBIZ Stock Up 1.5 %
Shares of NYSE:CBZ traded up $1.19 during midday trading on Tuesday, reaching $79.20. 217,014 shares of the company were exchanged, compared to its average volume of 316,648. The firm has a market cap of $3.97 billion, a PE ratio of 33.56 and a beta of 0.95. CBIZ, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $86.36. The stock has a fifty day simple moving average of $73.38 and a two-hundred day simple moving average of $73.38. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.
CBIZ (NYSE:CBZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same period last year, the company earned $0.66 earnings per share. CBIZ's quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Sidoti raised shares of CBIZ from a "neutral" rating to a "buy" rating and boosted their price target for the company from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th.
View Our Latest Research Report on CBZ
CBIZ Profile
(
Free Report)
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.
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