UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $11.10 Million Stake in CBIZ, Inc. (NYSE:CBZ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 135,594 shares of the business services provider's stock after acquiring an additional 17,810 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of CBIZ worth $11,096,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of CBIZ by 0.9% in 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 buying an additional 43,784 shares during the last quarter. Capital World Investors raised its stake in CBIZ by 37.6% in the 4th 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 period. Northern Trust Corp raised its stake in CBIZ by 0.7% in the 4th 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 period. Invesco Ltd. lifted its holdings in CBIZ by 157.2% during the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock valued at $62,944,000 after purchasing an additional 470,095 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CBIZ by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after purchasing an additional 10,550 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CBZ shares. William Blair reiterated an "outperform" rating on shares of CBIZ in a report on Friday, April 25th. Wall Street Zen cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Stock Performance

NYSE:CBZ traded up $0.44 during mid-day trading on Wednesday, hitting $72.44. 466,942 shares of the stock were exchanged, compared to its average volume of 352,408. The firm's 50-day simple moving average is $73.23 and its 200 day simple moving average is $78.14. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 30.70 and a beta of 0.91. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

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

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.95% of the company's stock.

CBIZ Company 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.