Simplicity Solutions LLC Takes Position in CBIZ, Inc. (NYSE:CBZ)

Simplicity Solutions LLC purchased a new stake in shares of CBIZ, Inc. (NYSE:CBZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,805 shares of the business services provider’s stock, valued at approximately $238,000.

Several other large investors have also made changes to their positions in CBZ. Deutsche Bank AG raised its holdings in CBIZ by 53.9% during the 3rd quarter. Deutsche Bank AG now owns 125,341 shares of the business services provider’s stock worth $6,505,000 after purchasing an additional 43,897 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of CBIZ during the third quarter worth approximately $536,000. Vanguard Group Inc. boosted its stake in CBIZ by 1.2% in the third quarter. Vanguard Group Inc. now owns 2,667,189 shares of the business services provider’s stock valued at $138,427,000 after acquiring an additional 31,477 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in CBIZ during the 3rd quarter worth $1,560,000. Finally, Burgundy Asset Management Ltd. raised its position in shares of CBIZ by 8.2% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,039,382 shares of the business services provider’s stock valued at $105,844,000 after acquiring an additional 154,498 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of CBZ stock opened at $74.92 on Friday. CBIZ, Inc. has a 12 month low of $49.13 and a 12 month high of $79.55. The company’s fifty day simple moving average is $74.86 and its 200-day simple moving average is $64.50. The firm has a market cap of $3.75 billion, a PE ratio of 31.48 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 issued its quarterly earnings results 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 firm had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $308.87 million. During the same period in the previous year, the firm posted ($0.21) EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts expect that CBIZ, Inc. will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Sidoti cut CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Tuesday, January 2nd.

About CBIZ

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.