ProShare Advisors LLC Boosts Stake in CBIZ, Inc. (NYSE:CBZ)

ProShare Advisors LLC boosted its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 49.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,497 shares of the business services provider's stock after acquiring an additional 4,448 shares during the period. ProShare Advisors LLC's holdings in CBIZ were worth $1,104,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CBZ. Smartleaf Asset Management LLC raised its position in shares of CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock valued at $53,000 after purchasing an additional 276 shares during the period. VisionPoint Advisory Group LLC purchased a new position in CBIZ in the 4th quarter valued at approximately $60,000. Venturi Wealth Management LLC bought a new stake in CBIZ during the 4th quarter valued at $110,000. KBC Group NV raised its holdings in CBIZ by 30.1% during the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock valued at $165,000 after acquiring an additional 468 shares during the period. Finally, Huntington National Bank lifted its position in shares of 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 acquiring an additional 191 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Price Performance

NYSE:CBZ traded down $1.81 during mid-day trading on Wednesday, hitting $73.92. 141,992 shares of the stock traded hands, compared to its average volume of 347,160. The business's 50-day moving average price is $73.45 and its 200 day moving average price is $78.37. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market cap of $4.02 billion, a PE ratio of 31.39 and a beta of 0.91. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13.

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 analysts' consensus estimates of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. During the same period in the previous year, the business earned $1.54 EPS. The business's revenue for the quarter was up 69.5% on a year-over-year basis. On average, analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analysts Set New Price Targets

CBZ has been the subject of several recent research reports. Wall Street Zen cut CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th.

Insider Buying and Selling

In other news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ 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 owns 41,759 shares in the company, valued at approximately $2,996,208.25. This trade represents a 13.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.95% of the stock is owned by company insiders.

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.