Dimensional Fund Advisors LP Boosts Stake in CBIZ, Inc. (CBZ)

Dimensional Fund Advisors LP grew its holdings in CBIZ, Inc. (NYSE:CBZ) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,607,232 shares of the business services provider’s stock after acquiring an additional 35,292 shares during the quarter. Dimensional Fund Advisors LP owned 8.40% of CBIZ worth $74,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of CBIZ by 4.9% in the second quarter. Vanguard Group Inc. now owns 2,302,818 shares of the business services provider’s stock valued at $34,542,000 after acquiring an additional 108,000 shares during the period. State Street Corp boosted its position in shares of CBIZ by 6.0% in the second quarter. State Street Corp now owns 1,000,676 shares of the business services provider’s stock valued at $15,016,000 after acquiring an additional 56,421 shares during the period. Northern Trust Corp boosted its position in shares of CBIZ by 22.2% in the second quarter. Northern Trust Corp now owns 984,960 shares of the business services provider’s stock valued at $14,775,000 after acquiring an additional 179,219 shares during the period. Granite Investment Partners LLC boosted its position in shares of CBIZ by 34.2% in the third quarter. Granite Investment Partners LLC now owns 924,470 shares of the business services provider’s stock valued at $15,022,000 after acquiring an additional 235,783 shares during the period. Finally, Phocas Financial Corp. boosted its position in shares of CBIZ by 4.7% in the second quarter. Phocas Financial Corp. now owns 914,308 shares of the business services provider’s stock valued at $13,715,000 after acquiring an additional 40,780 shares during the period. 84.14% of the stock is owned by institutional investors.

CBZ has been the subject of several research reports. ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut CBIZ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd.

In other CBIZ news, insider Michael P. Kouzelos sold 35,000 shares of CBIZ stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.95, for a total transaction of $523,250.00. Following the completion of the transaction, the insider now directly owns 287,972 shares of the company’s stock, valued at $4,305,181.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Gerard sold 9,899 shares of CBIZ stock in a transaction on Friday, December 8th. The shares were sold at an average price of $15.00, for a total value of $148,485.00. Following the transaction, the director now directly owns 333,382 shares of the company’s stock, valued at $5,000,730. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,053 shares of company stock valued at $1,575,512. 6.90% of the stock is owned by company insiders.

CBIZ, Inc. (CBZ) opened at $15.35 on Tuesday. The company has a market capitalization of $841.96, a price-to-earnings ratio of 18.95 and a beta of 0.79. CBIZ, Inc. has a 12-month low of $12.70 and a 12-month high of $17.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.54 and a quick ratio of 1.54.

CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The firm had revenue of $207.70 million during the quarter, compared to the consensus estimate of $212.66 million. CBIZ had a return on equity of 8.94% and a net margin of 5.34%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. analysts predict that CBIZ, Inc. will post 0.84 EPS for the current year.

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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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