CBIZ, Inc. (NYSE:CBZ) Shares Bought 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 boosted its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 0.43% of CBIZ worth $17,791,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of CBIZ by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock worth $385,948,000 after purchasing an additional 43,784 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of CBIZ by 1.5% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider's stock worth $170,319,000 after buying an additional 31,253 shares during the last quarter. Capital World Investors lifted its holdings in CBIZ by 37.6% during 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 purchasing an additional 309,785 shares in the last quarter. Northern Trust Corp lifted 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 valued at $76,979,000 after purchasing an additional 6,540 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in CBIZ by 9.7% during the first quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider's stock valued at $67,782,000 after purchasing an additional 78,811 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Stock Performance

Shares of CBZ stock traded down $15.05 during trading hours on Thursday, hitting $61.10. The company's stock had a trading volume of 3,856,151 shares, compared to its average volume of 445,824. The company has a 50 day moving average of $72.46 and a 200 day moving average of $75.79. The stock has a market cap of $3.32 billion, a PE ratio of 41.56 and a beta of 0.91. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. CBIZ, Inc. has a 12-month low of $56.83 and a 12-month high of $90.13.

CBIZ (NYSE:CBZ - Get Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.11. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The business had revenue of $683.50 million during the quarter, compared to analysts' expectations of $701.43 million. During the same period in the prior year, the business earned $0.39 earnings per share. The company's quarterly revenue was up 62.7% compared to the same quarter last year. On average, sell-side analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research note 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.