CBIZ, Inc. (NYSE:CBZ) Position Boosted by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 427,923 shares of the business services provider's stock after purchasing an additional 16,220 shares during the period. Bessemer Group Inc. owned about 0.79% of CBIZ worth $32,463,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vista Finance LLC grew its position in CBIZ by 32.3% during the first quarter. Vista Finance LLC now owns 3,706 shares of the business services provider's stock valued at $281,000 after purchasing an additional 904 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CBIZ by 130.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,340 shares of the business services provider's stock valued at $2,908,000 after buying an additional 21,728 shares during the period. Fifth Third Bancorp boosted its stake in shares of CBIZ by 27.3% during the 1st quarter. Fifth Third Bancorp now owns 4,997 shares of the business services provider's stock valued at $379,000 after buying an additional 1,071 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of CBIZ by 7.8% during the 1st quarter. Handelsbanken Fonder AB now owns 347,000 shares of the business services provider's stock valued at $26,323,000 after acquiring an additional 25,000 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of CBIZ by 462.4% in the first quarter. SG Americas Securities LLC now owns 14,263 shares of the business services provider's stock worth $1,082,000 after acquiring an additional 11,727 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CBIZ Stock Down 0.5%

CBZ opened at $71.18 on Thursday. The company has a market capitalization of $3.87 billion, a PE ratio of 48.42 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The business has a 50-day moving average of $71.66 and a 200-day moving average of $77.04.

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

About CBIZ

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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