Bank Julius Baer & Co. Ltd Zurich Has $5.82 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 76,657 shares of the business services provider's stock after selling 75,711 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.14% of CBIZ worth $5,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Whittier Trust Co. acquired a new stake in CBIZ in the first quarter valued at approximately $34,000. McIlrath & Eck LLC boosted its holdings in shares of CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after acquiring an additional 367 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of CBIZ during the 1st quarter valued at $55,000. Huntington National Bank grew its position in CBIZ by 9.4% during 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 during the last quarter. Finally, ArrowMark Colorado Holdings LLC bought a new stake in CBIZ during the 4th quarter worth $204,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Wall Street Analysts Forecast Growth

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

CBIZ Trading Up 1.5%

NYSE:CBZ traded up $1.16 during mid-day trading on Friday, hitting $77.72. 352,874 shares of the company's stock were exchanged, compared to its average volume of 539,694. The company has a 50 day simple moving average of $72.28 and a 200-day simple moving average of $75.87. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $90.13. The firm has a market capitalization of $4.23 billion, a P/E ratio of 52.87 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly 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 the consensus estimate of $860.25 million. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The company's revenue for the quarter was up 69.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 earnings per share. As a group, research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current 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.