Capital Research Global Investors Trims Stake in CBIZ, Inc. (NYSE:CBZ)

Capital Research Global Investors reduced its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,526,288 shares of the business services provider's stock after selling 405,687 shares during the period. Capital Research Global Investors owned about 7.03% of CBIZ worth $288,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Capital World Investors grew its position in CBIZ by 37.6% in the 4th quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock valued at $92,843,000 after acquiring an additional 309,785 shares in the last quarter. Mariner LLC boosted its stake in shares of CBIZ by 6.7% in the fourth quarter. Mariner LLC now owns 11,944 shares of the business services provider's stock valued at $977,000 after purchasing an additional 748 shares during the period. Barclays PLC increased its stake in CBIZ by 8.8% during the 4th quarter. Barclays PLC now owns 85,610 shares of the business services provider's stock worth $7,005,000 after buying an additional 6,899 shares during the period. Summit Investment Advisors Inc. lifted its holdings in CBIZ by 4.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,014 shares of the business services provider's stock worth $410,000 after buying an additional 231 shares in the last quarter. Finally, Advisors Capital Management LLC purchased a new position in CBIZ in the 4th quarter valued at approximately $237,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the business's stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.95% of the stock is currently owned by corporate insiders.

CBIZ Stock Up 0.6 %

Shares of CBZ traded up $0.42 during midday trading on Friday, reaching $66.84. The stock had a trading volume of 532,242 shares, compared to its average volume of 337,294. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 28.32 and a beta of 0.90. The company's fifty day simple moving average is $75.61 and its two-hundred day simple moving average is $77.85. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

CBIZ (NYSE:CBZ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.16. The company had revenue of $838.01 million for the quarter, compared to analysts' expectations of $860.25 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. During the same period last year, the firm earned $1.54 earnings per share. Equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have 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 reaffirmed an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th.

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.