Price T Rowe Associates Inc. MD Reduces Holdings in CBIZ, Inc. (NYSE:CBZ)

Price T Rowe Associates Inc. MD lowered its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 649,314 shares of the business services provider's stock after selling 109,196 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.29% of CBIZ worth $53,135,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp grew its stake in shares of CBIZ by 25.0% in the 4th quarter. Stifel Financial Corp now owns 17,236 shares of the business services provider's stock worth $1,410,000 after buying an additional 3,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of CBIZ in the fourth quarter worth $2,888,000. MetLife Investment Management LLC increased its holdings in shares of CBIZ by 4.6% during 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 acquiring an additional 1,280 shares in the last quarter. Capital World Investors increased its holdings 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 valued at $92,843,000 after acquiring an additional 309,785 shares in the last quarter. Finally, Mariner LLC raised its position in shares of CBIZ by 6.7% in the 4th quarter. Mariner LLC now owns 11,944 shares of the business services provider's stock worth $977,000 after purchasing an additional 748 shares during the last quarter. Institutional investors own 87.44% of the company's stock.

CBIZ Stock Up 2.8 %

Shares of CBZ stock traded up $1.93 during mid-day trading on Friday, hitting $71.79. The company's stock had a trading volume of 476,101 shares, compared to its average volume of 342,233. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 30.42 and a beta of 0.90. 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 52-week low of $62.66 and a 52-week high of $90.13. The business has a 50-day moving average price of $73.55 and a 200 day moving average price of $78.04.

CBIZ (NYSE:CBZ - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $0.18. The business had revenue of $838.01 million during 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%. CBIZ's revenue was up 69.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 EPS. Research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Activity at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the sale, the director now owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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