Blair William & Co. IL Acquires 4,739 Shares of CBIZ, Inc. (NYSE:CBZ)

Blair William & Co. IL boosted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 427,605 shares of the business services provider's stock after purchasing an additional 4,739 shares during the period. Blair William & Co. IL owned about 0.79% of CBIZ worth $32,438,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CBZ. Burgundy Asset Management Ltd. grew its position in CBIZ by 1.5% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider's stock worth $170,319,000 after acquiring an additional 31,253 shares during the last quarter. Capital World Investors raised its stake in shares of CBIZ by 37.6% in the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock worth $92,843,000 after purchasing an additional 309,785 shares during the last quarter. Northern Trust Corp grew its position in shares of CBIZ by 0.7% in the 4th quarter. Northern Trust Corp now owns 940,717 shares of the business services provider's stock worth $76,979,000 after buying an additional 6,540 shares during the last quarter. GW&K Investment Management LLC raised 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 valued at $67,782,000 after acquiring an additional 78,811 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in CBIZ by 157.2% in the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock valued at $62,944,000 after purchasing an additional 470,095 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Price Performance

CBIZ stock traded up $0.14 during midday trading on Thursday, hitting $62.09. The company's stock had a trading volume of 184,836 shares, compared to its average volume of 458,922. The stock's 50-day moving average price is $71.35 and its 200-day moving average price is $75.05. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. CBIZ, Inc. has a 12 month low of $56.83 and a 12 month high of $90.13. The company has a market capitalization of $3.35 billion, a PE ratio of 35.68 and a beta of 0.92.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $683.50 million for the quarter, compared to analyst estimates of $701.43 million. CBIZ had a net margin of 4.51% and a return on equity of 14.73%. CBIZ's revenue was up 62.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.