Jane Street Group LLC Sells 29,474 Shares of CBIZ, Inc. (NYSE:CBZ)

Jane Street Group LLC trimmed its position in shares of CBIZ, Inc. (NYSE:CBZ) by 58.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,026 shares of the business services provider’s stock after selling 29,474 shares during the period. Jane Street Group LLC’s holdings in CBIZ were worth $1,721,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in CBIZ by 16.9% during the 4th quarter. Comerica Bank now owns 9,556 shares of the business services provider’s stock valued at $782,000 after purchasing an additional 1,379 shares during the last quarter. Northern Trust Corp grew its holdings in CBIZ by 0.7% during the 4th quarter. Northern Trust Corp now owns 940,717 shares of the business services provider’s stock valued at $76,979,000 after purchasing an additional 6,540 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in CBIZ by 16.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 311,696 shares of the business services provider’s stock valued at $25,506,000 after purchasing an additional 43,687 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in CBIZ during the 4th quarter valued at about $3,158,000. Finally, Stifel Financial Corp grew its holdings in CBIZ by 25.0% during the 4th quarter. Stifel Financial Corp now owns 17,236 shares of the business services provider’s stock valued at $1,410,000 after purchasing an additional 3,447 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the sale, the director now owns 41,759 shares of the company’s stock, valued at approximately $2,996,208.25. This represents a 13.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.95% of the company’s stock.

Analysts Set New Price Targets

CBZ has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of CBIZ in a research note on Friday, April 25th. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

CBIZ Price Performance

Shares of CBZ stock opened at $74.12 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $4.03 billion, a P/E ratio of 31.41 and a beta of 0.91. The company’s 50-day simple moving average is $73.14 and its two-hundred day simple moving average is $78.40. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business had revenue of $838.01 million for the quarter, compared to the consensus estimate of $860.25 million. During the same period in the prior year, the firm earned $1.54 EPS. The company’s revenue for the quarter was up 69.5% compared to the same quarter last year. As a group, equities analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

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.