SG Americas Securities LLC Buys 11,727 Shares of CBIZ, Inc. (NYSE:CBZ)

SG Americas Securities LLC lifted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 462.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,263 shares of the business services provider's stock after purchasing an additional 11,727 shares during the quarter. SG Americas Securities LLC's holdings in CBIZ were worth $1,082,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC increased its stake in CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after purchasing an additional 367 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of CBIZ by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock valued at $53,000 after buying an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of CBIZ during the fourth quarter valued at about $60,000. Venturi Wealth Management LLC bought a new stake in shares of CBIZ during the fourth quarter worth about $110,000. Finally, Huntington National Bank raised its holdings in shares of 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 acquiring an additional 191 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Down 1.7%

CBZ traded down $1.14 during mid-day trading on Friday, reaching $67.35. 172,515 shares of the stock were exchanged, compared to its average volume of 360,454. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $3.66 billion, a PE ratio of 45.80 and a beta of 0.93. The company has a 50 day moving average price of $72.40 and a two-hundred day moving average price of $77.35.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th.

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.