Column Capital Advisors LLC acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,573 shares of the business services provider’s stock, valued at approximately $573,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners grew its position in CBIZ by 21.5% during the 1st quarter. Boston Partners now owns 163,731 shares of the business services provider’s stock worth $8,103,000 after acquiring an additional 28,923 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of CBIZ by 175.8% in the 1st quarter. GW&K Investment Management LLC now owns 949,688 shares of the business services provider’s stock valued at $47,000,000 after buying an additional 605,342 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new stake in shares of CBIZ in the 1st quarter valued at about $434,000. Roundview Capital LLC grew its position in shares of CBIZ by 13.3% in the 1st quarter. Roundview Capital LLC now owns 45,881 shares of the business services provider’s stock valued at $2,271,000 after buying an additional 5,376 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of CBIZ by 27.4% in the 1st quarter. Federated Hermes Inc. now owns 20,200 shares of the business services provider’s stock valued at $1,000,000 after buying an additional 4,349 shares during the last quarter. Institutional investors own 88.27% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on CBIZ in a research report on Thursday, May 18th. They issued a “hold” rating on the stock.
Insider Activity at CBIZ
In related news, Director Joseph S. Dimartino sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $49.82, for a total transaction of $498,200.00. Following the transaction, the director now directly owns 30,872 shares of the company’s stock, valued at approximately $1,538,043.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Joseph S. Dimartino sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $49.82, for a total transaction of $498,200.00. Following the transaction, the director now directly owns 30,872 shares of the company’s stock, valued at approximately $1,538,043.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph S. Dimartino sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $50.28, for a total value of $251,400.00. Following the transaction, the director now directly owns 25,872 shares in the company, valued at $1,300,844.16. The disclosure for this sale can be found here. Insiders have sold a total of 52,392 shares of company stock worth $2,754,002 in the last 90 days. Corporate insiders own 5.40% of the company’s stock.
CBIZ Trading Up 0.8 %
Shares of CBIZ stock traded up $0.41 on Friday, hitting $54.77. 169,568 shares of the company’s stock traded hands, compared to its average volume of 209,183. CBIZ, Inc. has a one year low of $42.23 and a one year high of $55.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 1.37. The company has a fifty day moving average of $53.60 and a two-hundred day moving average of $50.95. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 24.13 and a beta of 0.76.
CBIZ (NYSE:CBZ – Get Free Report) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). CBIZ had a net margin of 7.67% and a return on equity of 15.52%. The business had revenue of $398.50 million for the quarter, compared to the consensus estimate of $392.37 million. During the same quarter in the previous year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that CBIZ, Inc. will post 2.4 earnings per share for the current year.
CBIZ Profile
CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.
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