CBIZ, Inc. (NYSE:CBZ) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,194 shares of the business services provider’s stock after buying an additional 3,230 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of CBIZ worth $5,932,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBZ. Ameriprise Financial Inc. grew its stake in 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 in the last quarter. Artemis Investment Management LLP boosted 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 valued at $47,935,000 after buying an additional 237,983 shares during the last quarter. Norges Bank purchased a new position in shares of CBIZ during the 4th quarter valued at approximately $12,096,000. Segall Bryant & Hamill LLC grew its position in shares of CBIZ by 19.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 148,521 shares of the business services provider’s stock worth $12,153,000 after buying an additional 24,622 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of CBIZ by 37.6% in the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider’s stock worth $92,843,000 after buying an additional 309,785 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

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

CBIZ Price Performance

Shares of NYSE:CBZ opened at $75.29 on Thursday. The business has a 50-day moving average of $72.09 and a two-hundred day moving average of $75.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The stock has a market capitalization of $4.10 billion, a P/E ratio of 51.22 and a beta of 0.91.

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, topping the consensus estimate of $2.11 by $0.18. The business had revenue of $838.01 million during the quarter, compared to the consensus estimate of $860.25 million. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. CBIZ’s quarterly revenue was up 69.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 EPS. On average, equities research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.