10,979 Shares in CBIZ, Inc. (NYSE:CBZ) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in CBIZ, Inc. (NYSE:CBZ - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,979 shares of the business services provider's stock, valued at approximately $739,000.

Several other institutional investors have also recently added to or reduced their stakes in CBZ. Burgundy Asset Management Ltd. increased its position in shares of CBIZ by 1.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider's stock worth $164,503,000 after purchasing an additional 40,215 shares during the last quarter. State Street Corp grew its stake in CBIZ by 0.9% in the third quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock worth $76,095,000 after purchasing an additional 10,555 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in 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 buying an additional 11,401 shares during the last quarter. Premier Fund Managers Ltd raised 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 buying an additional 100,000 shares in the last quarter. Finally, FMR LLC lifted 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 buying an additional 127,822 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Performance

Shares of NYSE:CBZ traded up $1.99 on Thursday, reaching $79.89. 305,302 shares of the company's stock were exchanged, compared to its average volume of 316,305. The business's 50-day moving average is $73.62 and its two-hundred day moving average is $73.41. 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, Inc. has a fifty-two week low of $59.05 and a fifty-two week high of $86.36. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 33.01 and a beta of 0.95.

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 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 the consensus estimate of $440.16 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CBIZ from a "sell" rating to a "hold" rating in a report on Tuesday.

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.