Handelsbanken Fonder AB Has $26.32 Million Stake in CBIZ, Inc. (NYSE:CBZ)

Handelsbanken Fonder AB increased its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,000 shares of the business services provider's stock after purchasing an additional 25,000 shares during the quarter. Handelsbanken Fonder AB owned about 0.64% of CBIZ worth $26,323,000 at the end of the most recent quarter.

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

CBIZ Stock Down 0.4%

NYSE:CBZ traded down $0.26 during mid-day trading on Thursday, reaching $68.51. The stock had a trading volume of 95,340 shares, compared to its average volume of 356,753. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $3.73 billion, a P/E ratio of 29.03 and a beta of 0.93. The business's 50 day moving average is $72.95 and its 200 day moving average is $77.92. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. During the same quarter in the previous year, the business earned $1.54 EPS. CBIZ's quarterly revenue was up 69.5% compared to the same quarter last year. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CBZ. Wall Street Zen downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair reaffirmed 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.