National Bank of Canada FI acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,000 shares of the business services provider’s stock, valued at approximately $39,000.
Several other hedge funds also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of CBIZ by 3.1% in the 2nd quarter. Morgan Stanley now owns 333,663 shares of the business services provider’s stock worth $10,933,000 after purchasing an additional 10,147 shares in the last quarter. Strs Ohio bought a new stake in shares of CBIZ during the 3rd quarter worth $1,051,000. State of New Jersey Common Pension Fund D raised its stake in shares of CBIZ by 11.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 81,085 shares of the business services provider’s stock worth $2,622,000 after purchasing an additional 8,065 shares during the period. SG Americas Securities LLC increased its holdings in CBIZ by 884.7% in the 3rd quarter. SG Americas Securities LLC now owns 31,362 shares of the business services provider’s stock worth $1,014,000 after acquiring an additional 28,177 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in CBIZ by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 22,388 shares of the business services provider’s stock worth $724,000 after acquiring an additional 387 shares during the last quarter.
In other CBIZ news, CEO Jerome P. Grisko sold 8,192 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $37.58, for a total transaction of $307,855.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael P. Kouzelos sold 9,729 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $39.32, for a total value of $382,544.28. The disclosure for this sale can be found here. Insiders sold a total of 24,222 shares of company stock valued at $936,585 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.
CBIZ (NYSE:CBZ – Get Rating) last posted its quarterly earnings data on Thursday, February 17th. The business services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.09). CBIZ had a return on equity of 12.48% and a net margin of 6.42%. The company had revenue of $242.80 million during the quarter, compared to the consensus estimate of $232.76 million. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts anticipate that CBIZ, Inc. will post 2 EPS for the current year.
Several research analysts have recently commented on CBZ shares. StockNews.com assumed coverage on CBIZ in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research report on Friday, January 14th. Finally, William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Wednesday, March 9th.
CBIZ Company Profile (Get Rating)
CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.
- Get a free copy of the StockNews.com research report on CBIZ (CBZ)
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