Janus Henderson Group PLC Buys 12,817 Shares of CBIZ, Inc. (NYSE:CBZ)

Janus Henderson Group PLC lifted its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,781 shares of the business services provider's stock after buying an additional 12,817 shares during the quarter. Janus Henderson Group PLC owned approximately 0.20% of CBIZ worth $8,084,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CBZ. Emmett Investment Management LP purchased a new position in shares of CBIZ during the fourth quarter valued at approximately $4,401,000. Deutsche Bank AG increased its holdings in CBIZ by 10.8% in the 4th quarter. Deutsche Bank AG now owns 150,263 shares of the business services provider's stock worth $12,296,000 after buying an additional 14,626 shares in the last quarter. Cetera Investment Advisers purchased a new position in CBIZ in the 4th quarter worth about $233,000. Captrust Financial Advisors boosted its holdings in shares of CBIZ by 2.0% during 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. Finally, Bayesian Capital Management LP purchased a new position in shares of CBIZ during the fourth quarter valued at approximately $232,000. 87.44% of the stock is currently owned by institutional investors.

Insider Activity

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction 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 approximately $2,996,208.25. The trade was a 13.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CBZ shares. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th. Wall Street Zen downgraded CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Stock Performance

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

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.18. The business had revenue of $838.01 million for the quarter, compared to the consensus estimate of $860.25 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company's revenue for the quarter was up 69.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Sell-side analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.