BNP Paribas Financial Markets Cuts Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

BNP Paribas Financial Markets decreased its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,992 shares of the business services provider's stock after selling 17,916 shares during the quarter. BNP Paribas Financial Markets' holdings in CBIZ were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of CBIZ by 24.9% in the 4th quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock valued at $4,461,000 after buying an additional 10,861 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in CBIZ in the fourth quarter valued at approximately $204,000. Comerica Bank lifted its holdings in CBIZ by 16.9% in the fourth quarter. Comerica Bank now owns 9,556 shares of the business services provider's stock valued at $782,000 after acquiring an additional 1,379 shares during the last quarter. Northern Trust Corp grew its position in CBIZ by 0.7% in the fourth quarter. Northern Trust Corp now owns 940,717 shares of the business services provider's stock worth $76,979,000 after acquiring an additional 6,540 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in CBIZ by 16.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 311,696 shares of the business services provider's stock worth $25,506,000 after acquiring an additional 43,687 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. This represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CBZ shares. Wall Street Zen lowered CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Trading Up 5.4%

Shares of NYSE:CBZ traded up $3.85 during mid-day trading on Tuesday, reaching $75.78. 622,280 shares of the company were exchanged, compared to its average volume of 347,922. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. 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 firm's 50-day simple moving average is $73.39 and its 200 day simple moving average is $78.39. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 32.11 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 EPS for the quarter, topping the consensus estimate of $2.11 by $0.18. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. During the same period last year, the business posted $1.54 earnings per share. The company's quarterly revenue was up 69.5% on a year-over-year basis. Equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS 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.