17,805 Shares in CBIZ, Inc. (NYSE:CBZ) Bought by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation National Association UT has acquired 17,805 shares of CBIZ, Inc., valued at approximately $1.35 million, marking a new position for the institutional investor in the company.
• CBIZ reported $0.95 EPS for the last quarter, beating analysts' expectations, while the company’s revenue rose by 62.7% compared to the same quarter last year.
• The company's stock is currently trading at $63.17, with a market cap of $3.41 billion and significant institutional ownership at 87.44%.

Zions Bancorporation National Association UT acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,805 shares of the business services provider's stock, valued at approximately $1,351,000.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of CBIZ during the 1st quarter worth $34,000. McIlrath & Eck LLC lifted its stake in shares of CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock worth $46,000 after purchasing an additional 367 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in shares of CBIZ during the 1st quarter worth $55,000. Assetmark Inc. lifted its stake in shares of CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock worth $69,000 after purchasing an additional 150 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC purchased a new stake in shares of CBIZ during the 4th quarter worth $204,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Trading Up 2.1%

CBIZ stock opened at $63.17 on Friday. The stock has a 50-day moving average of $70.97 and a two-hundred day moving average of $74.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 1.60. CBIZ, Inc. has a one year low of $56.83 and a one year high of $90.13. The stock has a market cap of $3.41 billion, a PE ratio of 36.31 and a beta of 0.92.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.11. CBIZ had a return on equity of 14.73% and a net margin of 4.51%. The company had revenue of $683.50 million during the quarter, compared to analysts' expectations of $701.43 million. During the same period last year, the business posted $0.39 earnings per share. The firm's revenue was up 62.7% compared to the same quarter last year. On average, research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, William Blair restated an "outperform" rating on shares of CBIZ in a research note 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.

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