Susquehanna Fundamental Investments LLC Takes Position in CBIZ, Inc. (NYSE:CBZ)

Susquehanna Fundamental Investments LLC acquired a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 38,590 shares of the business services provider's stock, valued at approximately $3,158,000. Susquehanna Fundamental Investments LLC owned about 0.08% of CBIZ at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of CBIZ by 7.0% during the 4th quarter. Royce & Associates LP now owns 208,919 shares of the business services provider's stock worth $17,096,000 after acquiring an additional 13,738 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in CBIZ by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after purchasing an additional 10,550 shares during the last quarter. Retirement Systems of Alabama boosted its position in CBIZ by 10.3% during the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock worth $5,800,000 after purchasing an additional 8,032 shares during the period. Principal Financial Group Inc. increased its holdings in shares of CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock valued at $2,580,000 after purchasing an additional 3,663 shares during the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of CBIZ by 11.3% in the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock valued at $6,721,000 after purchasing an additional 8,365 shares during the period. 87.44% of the stock is owned by institutional investors.

CBIZ Stock Performance

Shares of CBIZ stock traded up $0.87 during trading on Monday, reaching $72.66. The company's stock had a trading volume of 57,458 shares, compared to its average volume of 341,129. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The business's 50-day moving average price is $73.55 and its 200-day moving average price is $78.12. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The firm has a market cap of $3.95 billion, a PE ratio of 30.71 and a beta of 0.90.

CBIZ (NYSE:CBZ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm had revenue of $838.01 million during the quarter, compared to the consensus estimate of $860.25 million. During the same quarter in the previous year, the firm posted $1.54 EPS. The business's revenue for the quarter was up 69.5% compared to the same quarter last year. Equities analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com lowered shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th.

Insider Buying and Selling

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now directly owns 41,759 shares in the company, valued at $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.95% of the stock is currently owned by company insiders.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.