Artemis Investment Management LLP Has $47.94 Million Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Artemis Investment Management LLP lifted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 60.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 631,893 shares of the business services provider's stock after buying an additional 237,983 shares during the quarter. Artemis Investment Management LLP owned about 1.17% of CBIZ worth $47,935,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Invesco Ltd. lifted its holdings 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 acquiring an additional 470,095 shares during the period. Wellington Management Group LLP bought a new position in CBIZ in the fourth quarter valued at about $32,859,000. Capital World Investors raised its stake in CBIZ by 37.6% during the fourth 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 in the last quarter. Waters Parkerson & CO. LLC bought a new position in shares of CBIZ in the fourth quarter worth about $23,383,000. Finally, SG Capital Management LLC bought a new position in shares of CBIZ in the fourth quarter worth about $20,543,000. Institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

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

CBIZ Trading Up 0.8%

Shares of CBZ stock opened at $71.76 on Friday. 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 company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 48.82 and a beta of 0.93. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The company has a 50-day simple moving average of $71.55 and a two-hundred day simple moving average of $77.00.

CBIZ (NYSE:CBZ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.11 by $0.18. The business had revenue of $838.01 million during the quarter, compared to the consensus estimate of $860.25 million. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The firm's quarterly revenue was up 69.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. Research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.

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