Ameriprise Financial Inc. Buys 10,861 Shares of CBIZ, Inc. (NYSE:CBZ)

Ameriprise Financial Inc. raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,518 shares of the business services provider’s stock after purchasing an additional 10,861 shares during the quarter. Ameriprise Financial Inc. owned 0.11% of CBIZ worth $4,461,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of CBIZ by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after buying an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in CBIZ during the 4th quarter valued at about $60,000. Venturi Wealth Management LLC bought a new position in CBIZ during the 4th quarter valued at $110,000. KBC Group NV boosted its holdings in CBIZ by 30.1% during the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock worth $165,000 after purchasing an additional 468 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of CBIZ by 9.4% during the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Price Performance

CBZ stock opened at $72.01 on Monday. The firm has a market cap of $3.92 billion, a P/E ratio of 30.51 and a beta of 0.91. The firm’s fifty day moving average is $73.42 and its 200 day moving average is $78.43. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

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

Wall Street Analyst Weigh In

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

Insider Activity at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’s 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 completion of the transaction, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.95% of the stock is owned by corporate insiders.

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.