Bancreek Capital Management LP Decreases Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Bancreek Capital Management LP lessened its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,792 shares of the business services provider's stock after selling 9,938 shares during the period. CBIZ comprises 9.3% of Bancreek Capital Management LP's portfolio, making the stock its 2nd biggest holding. Bancreek Capital Management LP owned approximately 0.15% of CBIZ worth $6,205,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. raised its position in CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock worth $2,580,000 after purchasing an additional 3,663 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in CBIZ in the fourth quarter worth about $3,824,000. Smartleaf Asset Management LLC raised its position in CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after purchasing an additional 276 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in CBIZ by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock worth $43,851,000 after purchasing an additional 10,550 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in CBIZ by 22.9% in the fourth quarter. Victory Capital Management Inc. now owns 58,898 shares of the business services provider's stock worth $4,820,000 after purchasing an additional 10,955 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

Analyst Ratings Changes

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

CBIZ Price Performance

NYSE:CBZ traded up $1.32 during mid-day trading on Friday, hitting $73.76. The company's stock had a trading volume of 262,116 shares, compared to its average volume of 372,888. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 50.18 and a beta of 0.91. The stock has a fifty day moving average of $71.49 and a 200-day moving average of $76.68.

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 for the quarter, topping the consensus estimate of $2.11 by $0.18. The company had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The company's revenue was up 69.5% on a year-over-year basis. During the same quarter last year, the business posted $1.54 earnings per share. As a group, equities analysts forecast 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.