Public Employees Retirement System of Ohio increased its stake in CBIZ, Inc. (NYSE:CBZ) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,396 shares of the business services provider’s stock after buying an additional 1,265 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.25% of CBIZ worth $1,794,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Securities LLC acquired a new position in CBIZ during the first quarter valued at $141,000. Gotham Asset Management LLC acquired a new position in CBIZ during the first quarter valued at $151,000. Ameriprise Financial Inc. increased its position in CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after buying an additional 350 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in CBIZ during the first quarter valued at $215,000. Finally, Karp Capital Management Corp acquired a new position in CBIZ during the first quarter valued at $289,000. 84.77% of the stock is currently owned by institutional investors and hedge funds.
CBIZ, Inc. (CBZ) opened at 14.50 on Friday. CBIZ, Inc. has a 12-month low of $10.73 and a 12-month high of $15.90. The firm has a market cap of $787.74 million, a P/E ratio of 17.16 and a beta of 0.91. The firm’s 50-day moving average is $14.99 and its 200 day moving average is $14.46.
CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. The business had revenue of $211 million during the quarter, compared to the consensus estimate of $207.42 million. During the same period in the prior year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts forecast that CBIZ, Inc. will post $0.87 earnings per share for the current year.
CBZ has been the topic of several research reports. Zacks Investment Research downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. ValuEngine upgraded shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In other CBIZ news, insider Ware H. Grove sold 22,927 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $15.25, for a total value of $349,636.75. Following the completion of the transaction, the insider now directly owns 262,673 shares in the company, valued at approximately $4,005,763.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald V. Weir sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $15.22, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 25,763 shares of the company’s stock, valued at $392,112.86. The disclosure for this sale can be found here. Insiders sold a total of 77,927 shares of company stock valued at $1,182,297 over the last 90 days. 7.20% of the stock is currently owned by corporate insiders.
CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
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