Callan Family Office LLC Takes $595,000 Position in CBIZ, Inc. $CBZ

Key Points

• Callan Family Office LLC acquired 18,553 CBIZ shares during the second quarter, valued at approximately $595,000. Institutional investors collectively own 87.44% of the company.
• Analysts maintain a generally neutral view of CBIZ, with an average rating of “Hold” and an average price target of $44.50; CJS Securities recently downgraded the stock from “market outperform” to “market perform.”
• CBIZ reported quarterly EPS of $0.91, beating estimates of $0.72, while revenue of $682.21 million fell short of expectations and declined slightly year over year. Shares opened at $54.77, within a 52-week range of $24.29 to $66.22.

Callan Family Office LLC acquired a new position in CBIZ, Inc. (NYSE:CBZ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,553 shares of the business services provider's stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in CBIZ by 377.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider's stock valued at $30,000 after purchasing an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in CBIZ in the 2nd quarter worth $37,000. EverSource Wealth Advisors LLC grew its position in CBIZ by 667.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider's stock worth $41,000 after purchasing an additional 1,315 shares during the last quarter. Danske Bank A S bought a new position in shares of CBIZ during the 3rd quarter worth about $42,000. Finally, Torren Management LLC bought a new position in shares of CBIZ during the 4th quarter worth about $48,000. Institutional investors own 87.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of CBIZ from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. US Capital Advisors set a $55.00 price target on CBIZ in a research note on Thursday, July 30th. CJS Securities lowered CBIZ from a "market outperform" rating to a "market perform" rating and set a $55.00 price target on the stock. in a research note on Thursday, July 30th. Stephens set a $37.00 price target on CBIZ in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $42.00 price objective on shares of CBIZ in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, CBIZ presently has an average rating of "Hold" and an average price target of $44.50.

CBIZ Trading Up 0.3%

Shares of CBIZ stock opened at $54.77 on Wednesday. The firm has a market capitalization of $2.97 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.47. The company's fifty day moving average price is $43.99 and its two-hundred day moving average price is $34.90. CBIZ, Inc. has a 52-week low of $24.29 and a 52-week high of $66.22.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The company had revenue of $682.21 million during the quarter, compared to analysts' expectations of $697.96 million. During the same quarter in the prior year, the company posted $0.95 EPS. The business's revenue was down .2% on a year-over-year basis. On average, analysts expect that CBIZ, Inc. will post 4.1 EPS for the current year.

CBIZ Company Profile

CBIZ, Inc NYSE: CBZ, founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.

Want to see what other hedge funds are holding CBZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBIZ, Inc. (NYSE:CBZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source