Nisa Investment Advisors LLC Sells 500 Shares of CBIZ, Inc. (NYSE:CBZ)

Nisa Investment Advisors LLC lowered its stake in CBIZ, Inc. (NYSE:CBZ) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,101 shares of the business services provider’s stock after selling 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CBIZ were worth $132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CBZ. Comerica Bank acquired a new position in shares of CBIZ in the third quarter valued at approximately $41,000. Fortis Group Advisors LLC acquired a new position in shares of CBIZ in the third quarter valued at approximately $45,000. Federated Hermes Inc. increased its stake in shares of CBIZ by 56.4% in the third quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock valued at $48,000 after buying an additional 403 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of CBIZ by 127.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider’s stock valued at $57,000 after buying an additional 675 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of CBIZ by 113.6% in the second quarter. Macquarie Group Ltd. now owns 1,566 shares of the business services provider’s stock valued at $62,000 after buying an additional 833 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Performance

NYSE:CBZ opened at $74.92 on Friday. The company has a market capitalization of $3.75 billion, a PE ratio of 31.48 and a beta of 0.83. The company has a 50 day simple moving average of $74.86 and a two-hundred day simple moving average of $64.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.20. CBIZ, Inc. has a fifty-two week low of $49.13 and a fifty-two week high of $79.55.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.01. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $308.87 million. During the same quarter last year, the firm posted ($0.21) EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that CBIZ, Inc. will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

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

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.