CBIZ, Inc. (NYSE:CBZ) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,263 shares of the business services provider's stock after acquiring an additional 14,626 shares during the period. Deutsche Bank AG owned approximately 0.30% of CBIZ worth $12,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CBZ. Invesco Ltd. grew its position in shares of CBIZ by 157.2% during the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock worth $62,944,000 after buying an additional 470,095 shares in the last quarter. Wellington Management Group LLP acquired a new stake in CBIZ in the 4th quarter worth approximately $32,859,000. Capital World Investors lifted its position in CBIZ by 37.6% during the 4th quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock worth $92,843,000 after acquiring an additional 309,785 shares during the period. Norges Bank acquired a new stake in CBIZ during the 4th quarter valued at approximately $12,096,000. Finally, Geneva Capital Management LLC lifted its holdings in shares of CBIZ by 49.7% in the 4th quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider's stock valued at $34,647,000 after buying an additional 140,493 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Activity at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction dated 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 transaction, the director now directly owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.95% of the company's stock.

CBIZ Stock Up 0.1%

Shares of NYSE:CBZ traded up $0.07 on Monday, hitting $74.20. 194,920 shares of the company's stock were exchanged, compared to its average volume of 346,164. The company has a market capitalization of $4.04 billion, a PE ratio of 31.44 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 1-year low of $62.66 and a 1-year high of $90.13. The firm's 50-day moving average is $73.14 and its 200 day moving average is $78.46.

CBIZ (NYSE:CBZ - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business had revenue of $838.01 million during the quarter, compared to analysts' expectations of $860.25 million. During the same period in the prior year, the company earned $1.54 earnings per share. The business's revenue was up 69.5% compared to the same quarter last year. Sell-side analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com cut 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 report on Friday, April 25th.

About CBIZ

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.