Two Sigma Investments LP Has $3.39 Million Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Two Sigma Investments LP cut its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 61.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,465 shares of the business services provider's stock after selling 66,994 shares during the period. Two Sigma Investments LP owned approximately 0.08% of CBIZ worth $3,393,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in CBIZ by 362.1% in the 3rd quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock valued at $5,298,000 after buying an additional 61,679 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of CBIZ by 31.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider's stock valued at $182,000 after buying an additional 529 shares during the period. SG Americas Securities LLC lifted its stake in shares of CBIZ by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider's stock valued at $208,000 after buying an additional 170 shares during the period. KBC Group NV lifted its stake in CBIZ by 30.1% during the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after purchasing an additional 468 shares during the period. Finally, One Wealth Advisors LLC bought a new position in CBIZ during the fourth quarter worth about $240,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Price Performance

Shares of NYSE:CBZ traded up $0.51 during trading on Tuesday, reaching $72.10. The stock had a trading volume of 458,962 shares, compared to its average volume of 351,469. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The business's 50-day moving average price is $73.29 and its 200 day moving average price is $78.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $3.92 billion, a PE ratio of 30.55 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.18. The company had revenue of $838.01 million during the quarter, compared to analysts' expectations of $860.25 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. CBIZ's quarterly revenue was up 69.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 earnings per share. As a group, equities analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CBZ. William Blair restated an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th. Wall Street Zen cut shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

Insider Activity at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 41,759 shares of the company's stock, valued at $2,996,208.25. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.95% of the stock is currently owned by company insiders.

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.