Bank of America Corp DE Increases Holdings in CBIZ, Inc. (NYSE:CBZ)

Bank of America Corp DE boosted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 431,750 shares of the business services provider's stock after purchasing an additional 14,006 shares during the period. Bank of America Corp DE owned about 0.86% of CBIZ worth $35,330,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CBZ. Barclays PLC grew its position in shares of CBIZ by 362.1% in the 3rd quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock valued at $5,298,000 after purchasing an additional 61,679 shares during the period. Argent Capital Management LLC raised its position in CBIZ by 13.3% during the fourth quarter. Argent Capital Management LLC now owns 86,079 shares of the business services provider's stock worth $7,044,000 after acquiring an additional 10,098 shares in the last quarter. Artemis Investment Management LLP grew its holdings in CBIZ by 18.5% during the fourth quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider's stock worth $32,234,000 after purchasing an additional 61,376 shares during the period. Nisa Investment Advisors LLC grew its holdings in CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider's stock valued at $182,000 after buying an additional 529 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in CBIZ by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider's stock worth $208,000 after buying an additional 170 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

CBIZ Price Performance

CBIZ stock traded down $0.81 during mid-day trading on Wednesday, hitting $72.80. 14,698 shares of the company traded hands, compared to its average volume of 345,124. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 30.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13. The stock has a fifty day moving average price of $73.35 and a 200-day moving average price of $78.46.

CBIZ (NYSE:CBZ - Get Free Report) last issued 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. The firm had revenue of $838.01 million during the quarter, compared to the consensus estimate of $860.25 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company's quarterly revenue was up 69.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. On average, equities analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CBZ has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of CBIZ in a report on Friday, April 25th. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

Insider Buying and Selling at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The stock was 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.95% of the company's stock.

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.