CBIZ, Inc. (NYSE:CBZ) Shares Bought by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC grew its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 67.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,891 shares of the business services provider's stock after acquiring an additional 12,839 shares during the period. CBIZ comprises about 1.4% of Taylor Frigon Capital Management LLC's portfolio, making the stock its 11th largest holding. Taylor Frigon Capital Management LLC owned 0.06% of CBIZ worth $2,419,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Royce & Associates LP raised its stake in CBIZ by 7.0% during the 4th quarter. Royce & Associates LP now owns 208,919 shares of the business services provider's stock valued at $17,096,000 after purchasing an additional 13,738 shares during the period. Charles Schwab Investment Management Inc. raised its stake in CBIZ by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after purchasing an additional 10,550 shares during the period. Ameriprise Financial Inc. raised its stake in CBIZ by 24.9% during the 4th quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock valued at $4,461,000 after purchasing an additional 10,861 shares during the period. Principal Financial Group Inc. raised its stake in CBIZ by 13.1% during the 4th quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock valued at $2,580,000 after purchasing an additional 3,663 shares during the period. Finally, King Luther Capital Management Corp raised its stake in CBIZ by 11.3% during the 4th quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock valued at $6,721,000 after purchasing an additional 8,365 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $71.17 on Monday. The company's fifty day moving average is $71.42 and its two-hundred day moving average is $76.92. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.76. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13. The company has a market cap of $3.87 billion, a P/E ratio of 48.41 and a beta of 0.93.

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

Analysts Set New Price Targets

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

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.

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