Jane Street Group LLC Lowers Stake in CBIZ, Inc. (NYSE:CBZ)

Jane Street Group LLC trimmed its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,026 shares of the business services provider's stock after selling 29,474 shares during the quarter. Jane Street Group LLC's holdings in CBIZ were worth $1,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in CBIZ by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after buying an additional 276 shares during the period. VisionPoint Advisory Group LLC bought a new position in CBIZ in the 4th quarter worth approximately $60,000. Venturi Wealth Management LLC bought a new position in CBIZ in the 4th quarter worth approximately $110,000. KBC Group NV boosted its holdings in CBIZ by 30.1% in the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after buying an additional 468 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider's stock worth $182,000 after buying an additional 529 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Price Performance

NYSE CBZ traded down $0.24 on Friday, hitting $72.01. The stock had a trading volume of 309,555 shares, compared to its average volume of 347,170. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 30.51 and a beta of 0.91. The firm has a 50-day moving average of $73.42 and a 200-day moving average of $78.42.

CBIZ (NYSE:CBZ - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $860.25 million. During the same period in the prior year, the company posted $1.54 EPS. The business's revenue for the quarter was up 69.5% compared to the same quarter last year. Equities analysts expect that CBIZ, Inc. will post 2.65 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CBZ shares. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a report on Friday, April 25th. Wall Street Zen downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now directly owns 41,759 shares in the company, valued at $2,996,208.25. This represents a 13.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.95% of the company's stock.

CBIZ 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.