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

SG Americas Securities LLC increased its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 462.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,263 shares of the business services provider's stock after purchasing an additional 11,727 shares during the period. SG Americas Securities LLC's holdings in CBIZ were worth $1,082,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC increased its position in shares of CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock worth $46,000 after purchasing an additional 367 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 276 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in CBIZ in the fourth quarter valued at about $60,000. Venturi Wealth Management LLC acquired a new stake in CBIZ in the fourth quarter valued at about $110,000. Finally, Huntington National Bank boosted its stake in CBIZ by 9.4% in the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock valued at $182,000 after buying an additional 191 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th. Wall Street Zen lowered CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

CBIZ Price Performance

NYSE:CBZ traded down $1.25 during trading hours on Friday, hitting $67.24. The company's stock had a trading volume of 740,713 shares, compared to its average volume of 361,534. The stock has a fifty day simple moving average of $72.19 and a 200-day simple moving average of $77.21. The company has a market capitalization of $3.66 billion, a P/E ratio of 45.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13.

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 firm had revenue of $838.01 million for the quarter, compared to analyst estimates of $860.25 million. CBIZ had a return on equity of 14.83% and a net margin of 4.03%. The business's revenue for the quarter was up 69.5% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. On average, analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.