Principal Financial Group Inc. Buys 243 Shares of CBIZ, Inc. (NYSE:CBZ)

Principal Financial Group Inc. increased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 31,766 shares of the business services provider’s stock after purchasing an additional 243 shares during the quarter. Principal Financial Group Inc. owned 0.06% of CBIZ worth $2,410,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its holdings in shares of CBIZ by 11.6% in the 1st quarter. Teacher Retirement System of Texas now owns 6,604 shares of the business services provider’s stock worth $501,000 after buying an additional 685 shares during the period. Taylor Frigon Capital Management LLC lifted its stake in shares of CBIZ by 67.4% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 31,891 shares of the business services provider’s stock worth $2,419,000 after purchasing an additional 12,839 shares during the last quarter. Artemis Investment Management LLP lifted its stake in shares of CBIZ by 60.4% during the 1st quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider’s stock worth $47,935,000 after purchasing an additional 237,983 shares during the last quarter. Bessemer Group Inc. raised its stake in CBIZ by 3.9% in the first quarter. Bessemer Group Inc. now owns 427,923 shares of the business services provider’s stock valued at $32,463,000 after buying an additional 16,220 shares during the last quarter. Finally, Vista Finance LLC raised its stake in CBIZ by 32.3% in the first quarter. Vista Finance LLC now owns 3,706 shares of the business services provider’s stock valued at $281,000 after buying an additional 904 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

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

CBIZ Trading Down 0.6%

CBIZ stock opened at $74.72 on Friday. The stock has a 50-day moving average of $72.12 and a two-hundred day moving average of $76.14. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $4.06 billion, a PE ratio of 50.83 and a beta of 0.91. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

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