1 week Ago By ABMN Staff
Mariner LLC lifted its stake in CBIZ, Inc. ( NYSE:CBZ – Free Report ) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 11,944 shares of the business services provider’s stock after buying an additional 748 shares during the quarter. Mariner LLC’s holdings in CBIZ were worth $977,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Royce & Associates LP boosted its position in CBIZ by 7.0% in the 4th quarter. Royce & Associates LP now owns 208,919 shares of the business services provider’s stock worth $17,096,000 after purchasing an additional 13,738 shares in the last quarter.
Charles Schwab Investment Management Inc. boosted its holdings in CBIZ by 2.0% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock worth $43,851,000 after buying an additional 10,550 shares in the last quarter. Retirement Systems of Alabama grew its position in CBIZ by 10.
3% during the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after buying an additional 8,032 shares during the period. Principal Financial Group Inc.
increased its holdings in CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc.
now owns 31,523 shares of the business services provider’s stock valued at $2,580,000 after buying an additional 3,663 shares in the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of CBIZ by 11.3% in the fourth quarter.
King Luther Capital Management Corp now owns 82,135 shares of the business services provider’s stock worth $6,721,000 after acquiring an additional 8,365 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In CBZ has been the subject of several recent analyst reports. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.
William Blair restated an “outperform” rating on shares of CBIZ in a research report on Friday. Insider Activity at CBIZ In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.
75, for a total transaction of $468,240.50. Following the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.
25. The trade was a 13.52 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . 4.95% of the stock is owned by corporate insiders.
CBIZ Stock Performance CBZ opened at $66.21 on Monday. The firm’s fifty day simple moving average is $75.
21 and its two-hundred day simple moving average is $78.04. CBIZ, Inc.
has a 52-week low of $62.66 and a 52-week high of $90.13.
The company has a market cap of $3.58 billion, a price-to-earnings ratio of 28.06 and a beta of 0.
90. 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 issued its quarterly earnings results on Thursday, April 24th.
The business services provider reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.
16. CBIZ had a net margin of 7.08% and a return on equity of 15.
12%. The firm had revenue of $838.01 million for the quarter, compared to analyst estimates of $860.
25 million. During the same period last year, the company posted $1.54 EPS.
Equities analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.
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.
Further Reading Want to see what other hedge funds are holding CBZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBIZ, Inc. ( NYSE:CBZ – Free Report ).
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