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

GAMMA Investing LLC lifted its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 9,306.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,462 shares of the business services provider's stock after acquiring 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 reporting period.

A number of other hedge funds have also recently made changes to their positions in CBZ. Arizona State Retirement System increased its position in shares of CBIZ by 1.0% during the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider's stock worth $1,073,000 after acquiring an additional 125 shares during the period. Corient Private Wealth LLC increased its holdings in CBIZ by 1.4% during the 4th quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider's stock worth $778,000 after purchasing an additional 128 shares during the period. Kensington Investment Counsel LLC increased its holdings in CBIZ by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider's stock worth $1,654,000 after purchasing an additional 132 shares during the period. Huntington National Bank raised its position in CBIZ by 9.4% in the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock valued at $182,000 after purchasing an additional 191 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of CBIZ by 2.0% in the 4th quarter. Captrust Financial Advisors now owns 10,399 shares of the business services provider's stock valued at $851,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reissued an "outperform" rating on shares of CBIZ in a research report on Friday, April 25th.

CBIZ Stock Down 0.6%

CBIZ stock traded down $0.38 during midday trading on Monday, reaching $68.48. The company's stock had a trading volume of 425,201 shares, compared to its average volume of 361,168. The company has a market cap of $3.73 billion, a P/E ratio of 29.02 and a beta of 0.93. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $72.88 and a 200-day simple moving average of $77.67. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $860.25 million. During the same quarter in the prior year, the business posted $1.54 EPS. The business's revenue for the quarter was up 69.5% on a year-over-year basis. On average, research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.