CBIZ, Inc. (NYSE:CBZ) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 85.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,080 shares of the business services provider's stock after acquiring an additional 112,569 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.49% of CBIZ worth $19,973,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of CBIZ by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock valued at $385,948,000 after acquiring an additional 43,784 shares during the last quarter. Capital World Investors raised its holdings in shares of CBIZ by 37.6% during the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock valued at $92,843,000 after acquiring an additional 309,785 shares during the last quarter. Northern Trust Corp raised its holdings in shares of CBIZ by 0.7% during the fourth quarter. Northern Trust Corp now owns 940,717 shares of the business services provider's stock valued at $76,979,000 after acquiring an additional 6,540 shares during the last quarter. Invesco Ltd. raised its holdings in shares of CBIZ by 157.2% during the fourth quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock valued at $62,944,000 after acquiring an additional 470,095 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of CBIZ by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after acquiring an additional 10,550 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Trading Down 2.0%

CBIZ stock traded down $1.47 during trading on Thursday, reaching $72.82. 48,271 shares of the company were exchanged, compared to its average volume of 368,946. CBIZ, Inc. has a 52-week low of $62.65 and a 52-week high of $90.13. The company has a market capitalization of $3.96 billion, a P/E ratio of 30.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The stock's 50 day simple moving average is $73.47 and its two-hundred day simple moving average is $78.34.

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

Analyst Ratings Changes

CBZ has been the subject of a number of research analyst reports. William Blair reissued an "outperform" rating on shares of CBIZ in a report on Friday, April 25th. Wall Street Zen downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.

Insider Activity

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the sale, the director now directly owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. This trade represents a 13.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.95% of the company's stock.

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.