BNP Paribas Financial Markets Decreases Position in CBIZ, Inc. (NYSE:CBZ)

BNP Paribas Financial Markets cut its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 71.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,992 shares of the business services provider's stock after selling 17,916 shares during the period. BNP Paribas Financial Markets' holdings in CBIZ were worth $572,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CBZ. Invesco Ltd. increased its position in shares of CBIZ by 157.2% during the fourth quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock worth $62,944,000 after purchasing an additional 470,095 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of CBIZ in the 4th quarter valued at $32,859,000. Capital World Investors increased its position in shares of CBIZ by 37.6% in the 4th quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock valued at $92,843,000 after acquiring an additional 309,785 shares during the period. Norges Bank acquired a new position in shares of CBIZ in the 4th quarter valued at $12,096,000. Finally, Geneva Capital Management LLC increased its position in shares of CBIZ by 49.7% in the 4th quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider's stock valued at $34,647,000 after acquiring an additional 140,493 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Performance

CBZ traded down $2.17 during midday trading on Thursday, hitting $72.12. 433,632 shares of the company were exchanged, compared to its average volume of 349,742. The company's 50 day simple moving average is $73.44 and its 200 day simple moving average is $78.30. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 30.56 and a beta of 0.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13.

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

Insiders Place Their Bets

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 directly owns 41,759 shares of the company's stock, valued at $2,996,208.25. This represents a 13.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.95% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CBZ. Wall Street Zen downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair reissued an "outperform" rating on shares of CBIZ in a research report on Friday, April 25th.

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.