Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake 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 acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GW&K Investment Management LLC lifted its position in CBIZ by 9.7% during the first quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider's stock worth $67,782,000 after buying an additional 78,811 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in CBIZ by 6.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 4,661 shares of the business services provider's stock worth $351,000 after acquiring an additional 272 shares during the last quarter. Jennison Associates LLC acquired a new stake in CBIZ during the first quarter worth $485,000. Segall Bryant & Hamill LLC increased its stake in CBIZ by 12.1% during the first quarter. Segall Bryant & Hamill LLC now owns 166,457 shares of the business services provider's stock worth $12,627,000 after acquiring an additional 17,936 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in CBIZ during the first quarter worth $34,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

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

CBIZ Trading Up 1.0%

Shares of CBZ traded up $0.62 during midday trading on Friday, hitting $61.74. 1,903,573 shares of the stock were exchanged, compared to its average volume of 665,667. The firm has a market cap of $3.36 billion, a P/E ratio of 35.48 and a beta of 0.91. 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 stock has a fifty day simple moving average of $72.03 and a 200 day simple moving average of $75.50. CBIZ, Inc. has a 52-week low of $56.83 and a 52-week high of $90.13.

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

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.