Basswood Capital Management L.L.C. Purchases Shares of 40,355 CBIZ, Inc. (NYSE:CBZ)

Basswood Capital Management L.L.C. acquired a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,355 shares of the business services provider's stock, valued at approximately $3,302,000. Basswood Capital Management L.L.C. owned about 0.08% of CBIZ as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock valued at $53,000 after purchasing an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in CBIZ in the 4th quarter valued at about $60,000. Venturi Wealth Management LLC acquired a new stake in CBIZ during the fourth quarter worth approximately $110,000. KBC Group NV lifted its position in CBIZ by 30.1% during the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after acquiring an additional 468 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of CBIZ by 9.4% during the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock worth $182,000 after acquiring an additional 191 shares during the period. 87.44% of the stock is currently owned by institutional investors.

CBIZ Price Performance

CBIZ stock traded up $0.03 during trading hours on Friday, reaching $72.62. 93,419 shares of the stock were exchanged, compared to its average volume of 343,205. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The company has a market cap of $3.95 billion, a P/E ratio of 30.77 and a beta of 0.91. The stock has a 50 day moving average of $73.00 and a two-hundred day moving average of $78.09.

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

Insiders Place Their Bets

In other 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 transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CBZ shares. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Friday, April 25th.

CBIZ 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.