Susquehanna Fundamental Investments LLC Purchases Shares of 38,590 CBIZ, Inc. (NYSE:CBZ)

Susquehanna Fundamental Investments LLC acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Stifel Financial Corp lifted its holdings in shares of CBIZ by 25.0% in the fourth quarter. Stifel Financial Corp now owns 17,236 shares of the business services provider's stock worth $1,410,000 after acquiring an additional 3,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in CBIZ in the 4th quarter valued at approximately $2,888,000. MetLife Investment Management LLC boosted its position in CBIZ by 4.6% in the fourth quarter. MetLife Investment Management LLC now owns 28,936 shares of the business services provider's stock valued at $2,368,000 after buying an additional 1,280 shares in the last quarter. Capital World Investors grew its stake in shares of CBIZ by 37.6% during the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock worth $92,843,000 after buying an additional 309,785 shares during the last quarter. Finally, Mariner LLC increased its holdings in shares of CBIZ by 6.7% during the fourth quarter. Mariner LLC now owns 11,944 shares of the business services provider's stock worth $977,000 after buying an additional 748 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Trading Up 2.8 %

Shares of CBZ stock traded up $1.93 during trading hours on Friday, hitting $71.79. 476,101 shares of the company's stock traded hands, compared to its average volume of 341,460. The stock has a market cap of $3.91 billion, a PE ratio of 30.42 and a beta of 0.90. The stock's 50 day simple moving average is $73.55 and its 200 day simple moving average is $77.97. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 12 month low of $62.66 and a 12 month high of $90.13.

CBIZ (NYSE:CBZ - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.18. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. During the same period last year, the company earned $1.54 EPS. CBIZ's revenue for the quarter was up 69.5% compared to the same quarter last year. On average, sell-side analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBZ. StockNews.com lowered CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Company Profile

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.