Laurus Global Equity Management Inc. Sells 14,870 Shares of CBIZ, Inc. (NYSE:CBZ)

Laurus Global Equity Management Inc. decreased its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 51.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,020 shares of the business services provider's stock after selling 14,870 shares during the period. CBIZ accounts for approximately 0.7% of Laurus Global Equity Management Inc.'s holdings, making the stock its 28th biggest holding. Laurus Global Equity Management Inc.'s holdings in CBIZ were worth $1,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Xponance Inc. lifted its position in CBIZ by 5.7% during the 1st quarter. Xponance Inc. now owns 3,620 shares of the business services provider's stock worth $275,000 after buying an additional 195 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in CBIZ by 4.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 78,194 shares of the business services provider's stock valued at $5,932,000 after purchasing an additional 3,230 shares during the period. Olde Wealth Management LLC acquired a new position in CBIZ during the 1st quarter valued at about $55,000. Principal Financial Group Inc. lifted its position in CBIZ by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 31,766 shares of the business services provider's stock valued at $2,410,000 after purchasing an additional 243 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in CBIZ by 11.6% during the 1st quarter. Teacher Retirement System of Texas now owns 6,604 shares of the business services provider's stock valued at $501,000 after purchasing an additional 685 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Trading Down 0.5%

CBIZ stock traded down $0.33 during trading hours on Tuesday, reaching $72.48. 546,669 shares of the company's stock traded hands, compared to its average volume of 376,800. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 1.52. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 49.31 and a beta of 0.91. The firm's 50 day moving average is $71.92 and its 200-day moving average is $76.34.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.11 by $0.18. The company had revenue of $838.01 million during the quarter, compared to analysts' expectations of $860.25 million. CBIZ had a return on equity of 14.83% and a net margin of 4.03%. CBIZ's revenue was up 69.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. On average, analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

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