CBIZ, Inc. (NYSE:CBZ) Shares Sold by Cwm LLC

Cwm LLC reduced its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,004 shares of the business services provider’s stock after selling 2,815 shares during the period. Cwm LLC’s holdings in CBIZ were worth $1,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its position in CBIZ by 20.7% during the third quarter. Handelsbanken Fonder AB now owns 13,400 shares of the business services provider’s stock valued at $695,000 after purchasing an additional 2,300 shares during the period. Fenimore Asset Management Inc. lifted its position in CBIZ by 0.3% during the third quarter. Fenimore Asset Management Inc. now owns 533,109 shares of the business services provider’s stock valued at $27,668,000 after purchasing an additional 1,510 shares during the period. Valeo Financial Advisors LLC lifted its position in CBIZ by 218.8% during the third quarter. Valeo Financial Advisors LLC now owns 14,475 shares of the business services provider’s stock valued at $751,000 after purchasing an additional 9,935 shares during the period. Bank of New York Mellon Corp lifted its position in CBIZ by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 212,813 shares of the business services provider’s stock valued at $11,045,000 after purchasing an additional 2,050 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CBIZ by 18.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,356 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 1,167 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. 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. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a report on Friday.

CBIZ Stock Down 3.7 %

CBZ opened at $72.75 on Friday. CBIZ, Inc. has a fifty-two week low of $49.13 and a fifty-two week high of $79.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.20. The company has a fifty day moving average of $75.72 and a two-hundred day moving average of $65.09. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 29.45 and a beta of 0.83.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). CBIZ had a net margin of 7.65% and a return on equity of 15.79%. The firm had revenue of $494.30 million during the quarter, compared to analysts’ expectations of $490.88 million. During the same period in the previous year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that CBIZ, Inc. will post 2.74 earnings per share 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.