Bank Julius Baer & Co. Ltd Zurich Decreases Stake in CBIZ, Inc. (NYSE:CBZ)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,657 shares of the business services provider's stock after selling 75,711 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.14% of CBIZ worth $5,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Corient Private Wealth LLC raised its position in CBIZ by 1.4% during the 4th quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider's stock worth $778,000 after buying an additional 128 shares during the last quarter. Huntington National Bank raised its holdings in shares of CBIZ by 9.4% during the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock worth $182,000 after purchasing an additional 191 shares during the last quarter. Xponance Inc. boosted its holdings in CBIZ by 5.7% in the first quarter. Xponance Inc. now owns 3,620 shares of the business services provider's stock valued at $275,000 after purchasing an additional 195 shares during the last quarter. Captrust Financial Advisors grew its position in CBIZ by 2.0% during the 4th quarter. Captrust Financial Advisors now owns 10,399 shares of the business services provider's stock worth $851,000 after purchasing an additional 199 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in CBIZ by 4.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,014 shares of the business services provider's stock worth $410,000 after purchasing an additional 231 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Wall Street Analyst Weigh In

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

CBIZ Price Performance

Shares of CBZ stock traded up $1.26 during mid-day trading on Thursday, hitting $76.56. 503,262 shares of the stock were exchanged, compared to its average volume of 537,858. The company has a market cap of $4.16 billion, a PE ratio of 52.08 and a beta of 0.91. CBIZ, Inc. has a 52-week low of $62.65 and a 52-week high of $90.13. The firm has a fifty day moving average of $72.13 and a 200 day moving average of $75.97. 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 (NYSE:CBZ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping the consensus estimate of $2.11 by $0.18. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The company had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. During the same quarter in the previous year, the firm earned $1.54 EPS. The firm's revenue was up 69.5% compared to the same quarter last year. Research analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current year.

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.