CBIZ, Inc. (NYSE:CBZ) Stock Holdings Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 71.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,992 shares of the business services provider’s stock after selling 17,916 shares during the period. BNP Paribas Financial Markets’ holdings in CBIZ were worth $572,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CBZ. Arizona State Retirement System raised its stake in CBIZ by 1.0% during the 4th quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 125 shares during the last quarter. Corient Private Wealth LLC grew its holdings in CBIZ by 1.4% during the 4th quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock worth $778,000 after acquiring an additional 128 shares during the last quarter. Kensington Investment Counsel LLC grew its holdings in CBIZ by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock worth $1,654,000 after acquiring an additional 132 shares during the last quarter. SG Americas Securities LLC lifted its position in CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 170 shares during the period. Finally, Huntington National Bank boosted its stake in CBIZ by 9.4% during the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock worth $182,000 after acquiring an additional 191 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now directly owns 41,759 shares of the company’s stock, valued at $2,996,208.25. The trade was a 13.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Stock Performance

Shares of CBZ stock opened at $72.01 on Friday. The stock has a market capitalization of $3.92 billion, a PE ratio of 30.51 and a beta of 0.91. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13. The business’s 50 day simple moving average is $73.42 and its 200 day simple moving average is $78.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

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