Campbell & CO Investment Adviser LLC Takes Position in CBIZ, Inc. (NYSE:CBZ)

Campbell & CO Investment Adviser LLC bought a new position in shares of CBIZ, Inc. (NYSE:CBZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,407 shares of the business services provider’s stock, valued at approximately $306,000.

A number of other large investors have also bought and sold shares of the stock. P2 Capital Partners LLC increased 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 in the last quarter. Norges Bank purchased a new stake in CBIZ during the fourth quarter valued at about $9,981,000. Fenimore Asset Management Inc. purchased a new stake in CBIZ during the first quarter valued at about $6,867,000. ClariVest Asset Management LLC increased its stake in CBIZ by 170.5% in the first quarter. ClariVest Asset Management LLC now owns 326,263 shares of the business services provider’s stock valued at $4,420,000 after buying an additional 205,668 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in CBIZ by 210.7% in the first quarter. Nordea Investment Management AB now owns 301,400 shares of the business services provider’s stock valued at $4,084,000 after buying an additional 204,400 shares in the last quarter. Institutional investors own 85.12% of the company’s stock.

Shares of CBIZ, Inc. (CBZ) opened at 14.55 on Friday. CBIZ, Inc. has a 12-month low of $10.73 and a 12-month high of $15.90. The company has a 50 day moving average price of $14.94 and a 200 day moving average price of $14.52. The stock has a market cap of $790.46 million, a P/E ratio of 17.22 and a beta of 0.91.

CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $211 million for the quarter, compared to analyst estimates of $207.42 million. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. Analysts anticipate that CBIZ, Inc. will post $0.87 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/08/19/campbell-co-investment-adviser-llc-takes-position-in-cbiz-inc-nysecbz-updated-updated.html.

Several research firms recently issued reports on CBZ. BidaskClub downgraded CBIZ from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, ValuEngine upgraded 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 firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $15.25, for a total value of $349,636.75. Following the transaction, the insider now directly owns 262,673 shares of the company’s stock, valued at $4,005,763.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ware H. Grove sold 25,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $15.10, for a total value of $377,500.00. Following the completion of the transaction, the insider now directly owns 258,272 shares in the company, valued at $3,899,907.20. The disclosure for this sale can be found here. Company insiders own 7.20% of the company’s stock.

CBIZ Company Profile

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.

Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

What are top analysts saying about CBIZ Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CBIZ Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit