CBIZ, Inc. (NYSE:CBZ) Stock Position Increased by Fiera Capital Corp

Key Points

• Fiera Capital Corp increased its stock position in CBIZ, Inc. by 14.6%, acquiring an additional 29,902 shares in the first quarter, bringing their total holdings to 234,522 shares valued at approximately $17.79 million.
• Other significant hedge fund activities included Vanguard Group Inc. raising its holdings by 0.9% and Capital World Investors increasing its stake by 37.6% in CBIZ during the fourth quarter.
• Analysts maintain an "outperform" rating for CBIZ, with the stock currently trading at around $75.75 and a 52-week range between $62.65 and $90.13.

Fiera Capital Corp lifted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,522 shares of the business services provider's stock after acquiring an additional 29,902 shares during the period. Fiera Capital Corp owned about 0.43% of CBIZ worth $17,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. bought a new position in CBIZ during the 1st quarter worth $34,000. McIlrath & Eck LLC grew its stake in CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock worth $46,000 after buying an additional 367 shares during the last quarter. Olde Wealth Management LLC acquired a new position in CBIZ during the 1st quarter worth $55,000. Assetmark Inc. boosted its position in CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock worth $69,000 after acquiring an additional 150 shares during the period. Finally, Huntington National Bank boosted 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 period. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Performance

CBZ stock traded up $0.62 during trading on Friday, reaching $61.74. 1,903,573 shares of the company's stock were exchanged, compared to its average volume of 665,667. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.76. CBIZ, Inc. has a 1-year low of $56.83 and a 1-year high of $90.13. The company's fifty day moving average price is $72.03 and its 200-day moving average price is $75.50. The firm has a market cap of $3.36 billion, a PE ratio of 35.48 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.11. CBIZ had a return on equity of 15.57% and a net margin of 4.51%. The company had revenue of $683.50 million during the quarter, compared to analyst estimates of $701.43 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm's quarterly revenue was up 62.7% on a year-over-year basis. On average, research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, William Blair reiterated 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.