Public Employees Retirement Association of Colorado Has $25.51 Million Position in CBIZ, Inc. (NYSE:CBZ)

Public Employees Retirement Association of Colorado raised its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,696 shares of the business services provider's stock after buying an additional 43,687 shares during the period. Public Employees Retirement Association of Colorado owned about 0.62% of CBIZ worth $25,506,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CBZ. Barclays PLC boosted its holdings in shares of CBIZ by 362.1% during the 3rd quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock worth $5,298,000 after buying an additional 61,679 shares during the period. Sanctuary Advisors LLC acquired a new stake in CBIZ during the third quarter worth approximately $262,000. Retirement Systems of Alabama boosted its holdings in shares of 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 acquiring an additional 8,032 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of CBIZ by 25.8% during the third quarter. Principal Financial Group Inc. now owns 27,860 shares of the business services provider's stock worth $1,875,000 after acquiring an additional 5,717 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of CBIZ by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock valued at $47,432,000 after purchasing an additional 48,979 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Performance

Shares of CBZ traded up $1.93 during mid-day trading on Friday, hitting $71.79. 476,101 shares of the company's stock were exchanged, compared to its average volume of 341,688. 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 52 week low of $62.66 and a 52 week high of $90.13. The stock's 50-day simple moving average is $73.82 and its 200-day simple moving average is $77.94. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 30.42 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 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.18. The firm had revenue of $838.01 million for the quarter, compared to analyst estimates of $860.25 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company's revenue was up 69.5% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. On average, equities research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current year.

Insider Buying and Selling

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the company's 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.95% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on CBZ shares. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reissued 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.