Squarepoint Ops LLC Has $859,000 Holdings in CBIZ, Inc. (NYSE:CBZ)

Squarepoint Ops LLC trimmed its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,498 shares of the business services provider's stock after selling 75,484 shares during the period. Squarepoint Ops LLC's holdings in CBIZ were worth $859,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CBZ. Vanguard Group Inc. grew its holdings in CBIZ by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock worth $385,948,000 after acquiring an additional 43,784 shares during the period. Capital World Investors lifted its stake in CBIZ by 37.6% in the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock valued at $92,843,000 after buying an additional 309,785 shares during the period. Northern Trust Corp boosted its holdings in CBIZ by 0.7% during the fourth quarter. Northern Trust Corp now owns 940,717 shares of the business services provider's stock worth $76,979,000 after buying an additional 6,540 shares during the last quarter. Invesco Ltd. increased its stake in shares of CBIZ by 157.2% in the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock valued at $62,944,000 after acquiring an additional 470,095 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CBIZ by 2.0% in 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 acquiring an additional 10,550 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Up 0.7%

NYSE CBZ traded up $0.51 during trading hours on Tuesday, reaching $72.10. 458,962 shares of the company's stock were exchanged, compared to its average volume of 351,554. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 30.55 and a beta of 0.91. The company's 50-day moving average is $73.35 and its two-hundred day moving average is $78.23. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company had revenue of $838.01 million during the quarter, compared to the consensus estimate of $860.25 million. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The firm's revenue was up 69.5% compared to the same quarter last year. On average, analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now owns 41,759 shares of the company's stock, valued at $2,996,208.25. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.95% of the company's stock.

Analysts Set New Price Targets

CBZ has been the subject of a number of analyst reports. Wall Street Zen cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a report on Friday, April 25th.

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.