CBIZ, Inc. (NYSE:CBZ) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its stake in CBIZ, Inc. (NYSE:CBZ) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,620 shares of the business services provider’s stock after acquiring an additional 195 shares during the period. Xponance Inc.’s holdings in CBIZ were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CBZ. Vanguard Group Inc. increased its stake in CBIZ by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock valued at $385,948,000 after purchasing an additional 43,784 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in CBIZ by 1.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider’s stock valued at $170,319,000 after purchasing an additional 31,253 shares during the last quarter. Capital World Investors increased its stake in CBIZ by 37.6% during the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider’s stock valued at $92,843,000 after purchasing an additional 309,785 shares during the last quarter. Northern Trust Corp increased its stake in CBIZ by 0.7% during the fourth quarter. Northern Trust Corp now owns 940,717 shares of the business services provider’s stock valued at $76,979,000 after purchasing an additional 6,540 shares during the last quarter. Finally, Invesco Ltd. increased its stake in CBIZ by 157.2% during the fourth quarter. Invesco Ltd. now owns 769,209 shares of the business services provider’s stock valued at $62,944,000 after purchasing an additional 470,095 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CBIZ Stock Down 0.6%

CBIZ stock opened at $74.72 on Friday. The company has a 50-day simple moving average of $72.12 and a 200-day simple moving average of $76.10. The firm has a market capitalization of $4.06 billion, a P/E ratio of 50.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 1.52. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

CBIZ (NYSE:CBZ) last released its quarterly 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 business had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The company’s quarterly revenue was up 69.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 earnings per share. As a group, equities analysts expect that CBIZ, Inc. will post 2.65 earnings per share 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.