Deutsche Bank AG Increases Position in CBIZ, Inc. (NYSE:CBZ)

Deutsche Bank AG boosted its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 150,263 shares of the business services provider's stock after buying an additional 14,626 shares during the period. Deutsche Bank AG owned approximately 0.30% of CBIZ worth $12,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CBZ. Cetera Investment Advisers bought a new stake in CBIZ during the 4th quarter valued at about $233,000. Captrust Financial Advisors raised its stake in CBIZ by 2.0% in the fourth quarter. Captrust Financial Advisors now owns 10,399 shares of the business services provider's stock worth $851,000 after buying an additional 199 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of CBIZ during the 4th quarter worth approximately $232,000. Bank of America Corp DE boosted its position in shares of CBIZ by 3.4% in the 4th quarter. Bank of America Corp DE now owns 431,750 shares of the business services provider's stock worth $35,330,000 after purchasing an additional 14,006 shares in the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in shares of CBIZ during the fourth quarter valued at about $3,302,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Buying and Selling at CBIZ

In related 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 in the company, valued at approximately $2,996,208.25. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.95% of the stock is currently owned by corporate insiders.

CBIZ Price Performance

CBIZ stock traded down $0.47 during midday trading on Wednesday, reaching $73.13. The company had a trading volume of 28,611 shares, compared to its average volume of 366,742. 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, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The company has a market capitalization of $3.98 billion, a P/E ratio of 30.88 and a beta of 0.91. The firm's fifty day simple moving average is $73.35 and its 200-day simple moving average is $78.46.

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 (EPS) for the quarter, beating 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%. The business's revenue was up 69.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. As a group, equities analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CBZ shares. StockNews.com lowered CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair reiterated 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.