GW&K Investment Management LLC Increases Stake in CBIZ, Inc. (NYSE:CBZ)

GW&K Investment Management LLC raised its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 1.64% of CBIZ worth $67,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CBZ. Invesco Ltd. grew its holdings in shares of CBIZ by 157.2% in the fourth quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock worth $62,944,000 after purchasing an additional 470,095 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of CBIZ during the fourth quarter valued at about $32,859,000. Capital World Investors increased its holdings in CBIZ by 37.6% in the 4th quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock worth $92,843,000 after buying an additional 309,785 shares during the period. Waters Parkerson & CO. LLC acquired a new stake in shares of CBIZ during the 4th quarter worth approximately $23,383,000. Finally, SG Capital Management LLC acquired a new stake in shares of CBIZ during the 4th quarter worth approximately $20,543,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Price Performance

Shares of NYSE CBZ opened at $74.72 on Monday. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $72.12 and a two-hundred day moving average of $76.06. The stock has a market cap of $4.06 billion, a P/E ratio of 50.83 and a beta of 0.91.

CBIZ (NYSE:CBZ - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share 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 firm had revenue of $838.01 million for the quarter, compared to the consensus estimate of $860.25 million. During the same period in the prior year, the business posted $1.54 earnings per share. The firm's revenue for the quarter was up 69.5% compared to the same quarter last year. On average, research analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, William Blair restated an "outperform" rating on shares of CBIZ in a 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.

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