Universal Beteiligungs und Servicegesellschaft mbH Takes $2.34 Million Position in CBIZ, Inc. (NYSE:CBZ)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 30,774 shares of CBIZ, Inc., valued at approximately $2,335,000, increasing its ownership to about 0.06% of the company.
• Institutional investors collectively own 87.44% of CBIZ, with other investors such as Huntington National Bank and Xponance Inc. also increasing their stakes in recent quarters.
• William Blair has restated an "outperform" rating for CBIZ, amid recent trading activity showing the stock down by 1.3%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,774 shares of the business services provider's stock, valued at approximately $2,335,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of CBIZ at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in shares of CBIZ during the fourth quarter valued at about $484,000. Sei Investments Co. boosted its stake in shares of CBIZ by 1.5% in the 4th quarter. Sei Investments Co. now owns 37,401 shares of the business services provider's stock worth $3,061,000 after buying an additional 549 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of CBIZ in the fourth quarter valued at approximately $769,000. Vanguard Group Inc. increased its position in shares of CBIZ by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock valued at $385,948,000 after acquiring an additional 43,784 shares during the last quarter. Finally, Norges Bank bought a new stake in CBIZ during the fourth quarter worth $12,096,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Stock Performance

NYSE CBZ traded up $0.62 on Friday, hitting $61.74. 1,903,573 shares of the stock traded hands, compared to its average volume of 455,880. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 1.52. The business's fifty day moving average is $72.24 and its two-hundred day moving average is $75.64. CBIZ, Inc. has a 12 month low of $56.83 and a 12 month high of $90.13. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 35.48 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $683.50 million during the quarter, compared to analysts' expectations of $701.43 million. CBIZ had a return on equity of 15.57% and a net margin of 4.51%. The firm's revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, equities analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.