Taylor Frigon Capital Management LLC Purchases 12,839 Shares of CBIZ, Inc. (NYSE:CBZ)

Taylor Frigon Capital Management LLC grew its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 67.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 31,891 shares of the business services provider's stock after buying an additional 12,839 shares during the quarter. CBIZ makes up about 1.4% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 11th largest holding. Taylor Frigon Capital Management LLC owned approximately 0.06% of CBIZ worth $2,419,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. McIlrath & Eck LLC lifted its holdings in CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock worth $46,000 after buying an additional 367 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after acquiring an additional 276 shares during the period. Huntington National Bank raised its position in shares of CBIZ by 9.4% in the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock worth $182,000 after acquiring an additional 191 shares in the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in shares of CBIZ in the 4th quarter valued at approximately $204,000. Finally, Welch & Forbes LLC purchased a new position in shares of CBIZ in the 4th quarter valued at approximately $217,000. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

CBIZ Stock Up 1.8%

NYSE CBZ traded up $1.32 during trading hours on Thursday, reaching $73.76. 262,116 shares of the company's stock traded hands, compared to its average volume of 370,961. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a 50-day simple moving average of $71.19 and a 200 day simple moving average of $76.80. The firm has a market cap of $4.01 billion, a PE ratio of 50.18 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.18. The firm 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 business's revenue was up 69.5% on a year-over-year basis. During the same period last year, the business earned $1.54 earnings per share. Sell-side analysts anticipate 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.