CBIZ, Inc. (NYSE:CBZ) Shares Sold by Barclays PLC

Barclays PLC decreased its position in shares of CBIZ, Inc. (NYSE:CBZ) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,761 shares of the business services provider’s stock after selling 6,162 shares during the period. Barclays PLC’s holdings in CBIZ were worth $947,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CBZ. MetLife Investment Management LLC raised its position in CBIZ by 60.8% in the 1st quarter. MetLife Investment Management LLC now owns 26,273 shares of the business services provider’s stock valued at $1,103,000 after purchasing an additional 9,933 shares in the last quarter. Aviva PLC acquired a new stake in CBIZ in the 1st quarter valued at about $1,557,000. Vanguard Group Inc. raised its position in CBIZ by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,551,939 shares of the business services provider’s stock valued at $107,105,000 after purchasing an additional 23,498 shares in the last quarter. Prudential Financial Inc. acquired a new stake in CBIZ in the 1st quarter valued at about $1,203,000. Finally, Charles Schwab Investment Management Inc. raised its position in CBIZ by 2.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 495,903 shares of the business services provider’s stock valued at $20,814,000 after purchasing an additional 13,262 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Insider Buying and Selling

In related news, insider Ware H. Grove sold 1,159 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $55.23, for a total transaction of $64,011.57. Following the transaction, the insider now owns 274,524 shares in the company, valued at approximately $15,161,960.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Ware H. Grove sold 1,159 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $55.23, for a total transaction of $64,011.57. Following the transaction, the insider now owns 274,524 shares in the company, valued at approximately $15,161,960.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ware H. Grove sold 3,911 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $55.21, for a total value of $215,926.31. Following the transaction, the insider now owns 274,524 shares in the company, valued at approximately $15,156,470.04. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.

CBIZ Trading Up 1.0 %

CBZ opened at $58.04 on Tuesday. CBIZ, Inc. has a one year low of $45.22 and a one year high of $58.47. The company has a market cap of $2.89 billion, a P/E ratio of 24.08 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50-day simple moving average is $53.70 and its 200-day simple moving average is $53.29.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. CBIZ had a return on equity of 16.22% and a net margin of 7.84%. The business had revenue of $410.54 million for the quarter, compared to the consensus estimate of $395.53 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that CBIZ, Inc. will post 2.4 EPS for the current fiscal year.

Analysts Set New Price Targets

CBZ has been the topic of a number of analyst reports. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, October 30th. StockNews.com started coverage on CBIZ in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It 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.