6,396 Shares in CBIZ, Inc. (NYSE:CBZ) Bought by Jennison Associates LLC

Jennison Associates LLC bought a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,396 shares of the business services provider's stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. bought a new stake in CBIZ in the 1st quarter valued at about $34,000. McIlrath & Eck LLC raised its holdings in shares of CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after buying an additional 367 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of CBIZ during the first quarter worth approximately $55,000. Huntington National Bank grew 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 worth $182,000 after buying an additional 191 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in CBIZ in the 4th quarter valued at approximately $204,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th.

CBIZ Price Performance

Shares of CBIZ stock traded up $1.16 on Friday, hitting $77.72. The company had a trading volume of 352,874 shares, compared to its average volume of 539,694. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week high of $90.13. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $4.23 billion, a PE ratio of 52.87 and a beta of 0.91. The business has a 50-day simple moving average of $72.28 and a 200-day simple moving average of $75.87.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $860.25 million. During the same period last year, the company posted $1.54 EPS. The firm's quarterly revenue was up 69.5% on a year-over-year basis. Research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

About CBIZ

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.