Metropolitan Life Insurance Co. NY lowered its position in CBIZ, Inc. (NYSE:CBZ) by 1.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 35,172 shares of the business services provider’s stock after selling 443 shares during the period. Metropolitan Life Insurance Co. NY owned 0.07% of CBIZ worth $477,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CBZ. Gotham Asset Management LLC purchased a new stake in CBIZ during the first quarter worth approximately $151,000. Two Sigma Securities LLC purchased a new stake in CBIZ during the first quarter worth approximately $141,000. Schwab Charles Investment Management Inc. boosted its stake in CBIZ by 7.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 291,982 shares of the business services provider’s stock worth $3,957,000 after buying an additional 21,209 shares during the last quarter. P2 Capital Partners LLC boosted its stake in CBIZ by 67.6% in the first quarter. P2 Capital Partners LLC now owns 2,361,073 shares of the business services provider’s stock worth $31,993,000 after buying an additional 952,501 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in CBIZ by 24.6% in the first quarter. Renaissance Technologies LLC now owns 452,657 shares of the business services provider’s stock worth $6,134,000 after buying an additional 89,243 shares during the last quarter. Institutional investors own 84.77% of the company’s stock.
CBIZ, Inc. (NYSE:CBZ) traded up 0.35% during midday trading on Friday, reaching $14.50. 296,224 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $14.99 and its 200 day moving average is $14.46. CBIZ, Inc. has a 52 week low of $10.73 and a 52 week high of $15.90. The firm has a market capitalization of $787.74 million, a price-to-earnings ratio of 17.16 and a beta of 0.91.
CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. The company had revenue of $211 million during the quarter, compared to analysts’ expectations of $207.42 million. During the same period last year, the business posted $0.16 EPS. CBIZ’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that CBIZ, Inc. will post $0.87 earnings per share for the current year.
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A number of equities research analysts have commented on the stock. BidaskClub cut shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
In related news, insider Michael W. Gleespen sold 8,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $15.01, for a total transaction of $120,080.00. Following the completion of the transaction, the insider now directly owns 101,712 shares in the company, valued at approximately $1,526,697.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ware H. Grove sold 22,927 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $15.25, for a total value of $349,636.75. Following the transaction, the insider now owns 262,673 shares of the company’s stock, valued at $4,005,763.25. The disclosure for this sale can be found here. Insiders have 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 company 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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