CBIZ, Inc. (NYSE:CBZ) Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC grew its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 9.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 893,516 shares of the business services provider's stock after acquiring an additional 78,811 shares during the quarter. GW&K Investment Management LLC owned about 1.64% of CBIZ worth $67,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBZ. Avantax Advisory Services Inc. boosted its position in shares of CBIZ by 47.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,747 shares of the business services provider's stock valued at $388,000 after acquiring an additional 1,536 shares during the last quarter. Swiss National Bank boosted its position in shares of CBIZ by 0.7% during the 4th quarter. Swiss National Bank now owns 88,900 shares of the business services provider's stock valued at $7,275,000 after acquiring an additional 600 shares during the last quarter. Corient Private Wealth LLC lifted its position in CBIZ by 1.4% in the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider's stock worth $778,000 after buying an additional 128 shares during the last quarter. Cibc World Markets Corp bought a new stake in CBIZ in the fourth quarter worth $367,000. Finally, Xponance Inc. lifted its position in CBIZ by 9.6% in the fourth quarter. Xponance Inc. now owns 3,425 shares of the business services provider's stock worth $280,000 after buying an additional 299 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Up 0.8%

Shares of CBZ stock traded up $0.63 during trading hours on Thursday, reaching $75.93. 174,077 shares of the company's stock were exchanged, compared to its average volume of 414,970. 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 1 year low of $62.65 and a 1 year high of $90.13. The stock has a market cap of $4.13 billion, a PE ratio of 51.66 and a beta of 0.91. The stock's fifty day moving average price is $72.09 and its two-hundred day moving average price is $75.98.

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, topping the consensus estimate of $2.11 by $0.18. CBIZ had a return on equity of 14.83% and a net margin of 4.03%. The business had revenue of $838.01 million for the quarter, compared to analyst estimates of $860.25 million. During the same quarter in the prior year, the firm posted $1.54 EPS. The business's quarterly revenue was up 69.5% compared to the same quarter last year. Research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

Analyst Ratings Changes

Separately, William Blair restated 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.