CBIZ, Inc. (NYSE:CBZ) Stock Holdings Increased by Cynosure Group LLC

Cynosure Group LLC boosted its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 223.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,033 shares of the business services provider’s stock after purchasing an additional 11,080 shares during the quarter. Cynosure Group LLC’s holdings in CBIZ were worth $1,079,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of CBIZ by 36.3% during the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after acquiring an additional 986,774 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in CBIZ by 1.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider’s stock valued at $164,503,000 after purchasing an additional 40,215 shares during the period. Allspring Global Investments Holdings LLC grew its position in CBIZ by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,125,766 shares of the business services provider’s stock worth $75,753,000 after purchasing an additional 11,401 shares during the last quarter. Premier Fund Managers Ltd increased its stake in shares of CBIZ by 14.0% in the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider’s stock valued at $54,375,000 after purchasing an additional 100,000 shares during the period. Finally, FMR LLC raised its holdings in shares of CBIZ by 27.4% during the third quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock valued at $40,015,000 after buying an additional 127,822 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Up 1.2 %

NYSE CBZ opened at $83.00 on Wednesday. The company has a market capitalization of $4.17 billion, a P/E ratio of 35.17 and a beta of 0.91. CBIZ, Inc. has a 12 month low of $57.01 and a 12 month high of $86.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company’s 50 day simple moving average is $70.28 and its 200 day simple moving average is $73.11.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. Equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Sidoti upgraded shares of CBIZ from a “neutral” rating to a “buy” rating and increased their target price for the company from $80.00 to $86.00 in a research report on Monday, August 12th.

About CBIZ

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.