CBIZ, Inc. (NYSE:CBZ) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 9,306.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,462 shares of the business services provider's stock after purchasing an additional 16,287 shares during the quarter. GAMMA Investing LLC's holdings in CBIZ were worth $1,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CBZ. Royce & Associates LP lifted its position in shares of CBIZ by 7.0% during the 4th quarter. Royce & Associates LP now owns 208,919 shares of the business services provider's stock valued at $17,096,000 after acquiring an additional 13,738 shares during the period. Charles Schwab Investment Management Inc. increased its stake in CBIZ by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after purchasing an additional 10,550 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in CBIZ by 24.9% during the fourth quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock worth $4,461,000 after purchasing an additional 10,861 shares during the last quarter. Principal Financial Group Inc. boosted its position in CBIZ by 13.1% during the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock worth $2,580,000 after purchasing an additional 3,663 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in CBIZ by 11.3% during the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock worth $6,721,000 after purchasing an additional 8,365 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analyst Ratings Changes

CBZ has been the subject of a number of research analyst reports. Wall Street Zen cut CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Price Performance

Shares of CBIZ stock traded up $0.09 during trading on Thursday, hitting $68.53. 406,180 shares of the company were exchanged, compared to its average volume of 361,172. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $72.54 and a 200 day moving average price of $77.45. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 46.62 and a beta of 0.93.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, topping 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 return on equity of 14.83% and a net margin of 4.03%. The business's revenue for the quarter was up 69.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 earnings per share. On average, equities analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal 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.