Janney Montgomery Scott LLC Trims Holdings in CBIZ, Inc. (NYSE:CBZ)

Janney Montgomery Scott LLC decreased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 33.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,022 shares of the business services provider’s stock after selling 1,500 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CBIZ were worth $229,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its position in CBIZ by 193.2% in the fourth 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 period. Smartleaf Asset Management LLC raised its position in CBIZ by 75.0% in the fourth 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 period. Huntington National Bank raised its position in CBIZ by 9.4% in the fourth 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 period. ArrowMark Colorado Holdings LLC purchased a new stake in CBIZ in the fourth quarter valued at $204,000. Finally, Welch & Forbes LLC purchased a new stake in CBIZ in the fourth quarter valued at $217,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

Separately, William Blair restated an “outperform” rating on shares of CBIZ in a research report on Friday, April 25th.

CBIZ Price Performance

CBZ stock opened at $73.76 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4.01 billion, a PE ratio of 50.18 and a beta of 0.91. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13. The business’s fifty day moving average price is $71.49 and its 200 day moving average price is $76.65.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.18. The firm had revenue of $838.01 million for the quarter, compared to the consensus estimate of $860.25 million. CBIZ had a return on equity of 14.83% and a net margin of 4.03%. The company’s quarterly revenue was up 69.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 EPS. On average, sell-side analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

CBIZ Company 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.