GAMMA Investing LLC Purchases 16,287 Shares of CBIZ, Inc. (NYSE:CBZ)

GAMMA Investing LLC boosted its position in shares of CBIZ, Inc. (NYSE:CBZ) by 9,306.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,462 shares of the business services provider’s stock after buying an additional 16,287 shares during the period. GAMMA Investing LLC’s holdings in CBIZ were worth $1,249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its stake in shares of CBIZ by 193.2% in the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 367 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of CBIZ in the 4th quarter valued at approximately $60,000. Venturi Wealth Management LLC bought a new stake in shares of CBIZ in the 4th quarter valued at approximately $110,000. Finally, Huntington National Bank lifted its stake in shares of CBIZ by 9.4% in the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 191 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reiterated an “outperform” rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Trading Down 0.3%

Shares of NYSE CBZ opened at $68.84 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50 day moving average price is $72.88 and its 200-day moving average price is $77.67. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 29.17 and a beta of 0.93.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.18. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm 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 business posted $1.54 earnings per share. The company’s revenue for the quarter was up 69.5% on a year-over-year basis. On average, sell-side analysts expect that CBIZ, Inc. will post 2.65 earnings per share 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.