CBIZ, Inc. (NYSE:CBZ) Position Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 1.0% during the first quarter, according to its most recent Form 13F filing with the 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 0.25% of CBIZ worth $1,794,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CBZ. Two Sigma Securities LLC bought a new position in shares of CBIZ during the first quarter worth approximately $141,000. Gotham Asset Management LLC acquired a new stake in shares of CBIZ during the first quarter worth about $151,000. Ameriprise Financial Inc. raised its stake in shares of CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock worth $186,000 after buying an additional 350 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CBIZ during the first quarter worth about $215,000. Finally, Karp Capital Management Corp acquired a new stake in shares of CBIZ during the first quarter worth about $289,000. Institutional investors and hedge funds own 85.12% of the company’s stock.

Shares of CBIZ, Inc. (NYSE CBZ) traded down 1.36% on Friday, hitting $14.55. The stock had a trading volume of 259,672 shares. The stock has a 50 day moving average of $14.94 and a 200 day moving average of $14.52. 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 $790.46 million, a price-to-earnings ratio of 17.22 and a beta of 0.91.

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

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CBZ has been the subject of a number of research analyst reports. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Friday, April 28th. BidaskClub lowered CBIZ from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a research 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 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 completion of the transaction, the insider now owns 262,673 shares in the company, valued at approximately $4,005,763.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ware H. Grove sold 25,000 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $15.10, for a total transaction of $377,500.00. Following the completion of the transaction, the insider now owns 258,272 shares of the company’s stock, valued at approximately $3,899,907.20. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by corporate insiders.

About CBIZ

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)

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