Man Group plc Makes New $968,000 Investment in CBIZ, Inc. (NYSE:CBZ)

Man Group plc acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,825 shares of the business services provider's stock, valued at approximately $968,000.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in CBIZ by 75.0% during the fourth 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 last quarter. VisionPoint Advisory Group LLC purchased a new stake in CBIZ during the fourth quarter worth about $60,000. Venturi Wealth Management LLC purchased a new stake in CBIZ during the fourth quarter worth about $110,000. KBC Group NV increased its holdings in CBIZ by 30.1% during the fourth 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 last quarter. Finally, Huntington National Bank increased its holdings in CBIZ by 9.4% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the transaction, 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 the SEC website. 4.95% of the stock is currently owned by corporate insiders.

CBIZ Trading Down 2.0%

Shares of CBZ traded down $1.48 during mid-day trading on Thursday, reaching $72.81. The company's stock had a trading volume of 48,271 shares, compared to its average volume of 347,884. The stock has a market cap of $3.96 billion, a PE ratio of 30.91 and a beta of 0.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company's fifty day moving average price is $73.47 and its two-hundred day moving average price is $78.34.

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

Wall Street Analyst Weigh In

Several equities analysts have recently 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 shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

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.