Teacher Retirement System of Texas Raises Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Teacher Retirement System of Texas increased its stake in CBIZ, Inc. (NYSE:CBZ) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,604 shares of the business services provider’s stock after purchasing an additional 685 shares during the period. Teacher Retirement System of Texas’ holdings in CBIZ were worth $501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of CBIZ by 24.9% during the 4th quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider’s stock valued at $4,461,000 after purchasing an additional 10,861 shares during the last quarter. Bridge City Capital LLC boosted its stake in CBIZ by 8.3% in the fourth quarter. Bridge City Capital LLC now owns 84,479 shares of the business services provider’s stock worth $6,913,000 after buying an additional 6,451 shares in the last quarter. Intech Investment Management LLC boosted its stake in CBIZ by 128.6% in the fourth quarter. Intech Investment Management LLC now owns 23,064 shares of the business services provider’s stock worth $1,887,000 after buying an additional 12,974 shares in the last quarter. Artemis Investment Management LLP grew its position in CBIZ by 60.4% during the first quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider’s stock valued at $47,935,000 after acquiring an additional 237,983 shares during the last quarter. Finally, Norges Bank bought a new position in CBIZ during the fourth quarter valued at approximately $12,096,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Stock Performance

NYSE CBZ opened at $73.82 on Thursday. The company has a 50-day simple moving average of $72.02 and a two-hundred day simple moving average of $76.23. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 50.22 and a beta of 0.91. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.76.

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

Analysts Set New Price Targets

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

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.