Strs Ohio Sells 12,100 Shares of CBIZ, Inc. (NYSE:CBZ)

Strs Ohio trimmed its position in CBIZ, Inc. (NYSE:CBZ) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 94,700 shares of the business services provider’s stock after selling 12,100 shares during the period. Strs Ohio’s holdings in CBIZ were worth $5,927,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CBZ. Comerica Bank bought a new stake in CBIZ in the 3rd quarter worth about $41,000. Fortis Group Advisors LLC bought a new position in shares of CBIZ during the 3rd quarter valued at approximately $45,000. Federated Hermes Inc. grew its position in shares of CBIZ by 56.4% during the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 403 shares during the period. Advisor Group Holdings Inc. grew its position in shares of CBIZ by 127.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 675 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of CBIZ by 113.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,566 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 833 shares during the period. 87.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Sidoti downgraded shares of CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a research report on Tuesday, January 2nd.

CBIZ Stock Up 0.7 %

CBIZ stock opened at $74.22 on Friday. CBIZ, Inc. has a twelve month low of $49.13 and a twelve month high of $79.55. The firm has a 50 day moving average price of $74.68 and a 200-day moving average price of $64.25. The company has a market capitalization of $3.72 billion, a P/E ratio of 31.18 and a beta of 0.83. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.39.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $308.87 million. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. CBIZ’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) EPS. As a group, equities analysts predict that CBIZ, Inc. will post 2.74 EPS for the current year.

CBIZ 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.