Voloridge Investment Management LLC Buys 17,685 Shares of CBIZ, Inc. (NYSE:CBZ)

Voloridge Investment Management LLC boosted its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 72.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,118 shares of the business services provider's stock after buying an additional 17,685 shares during the period. Voloridge Investment Management LLC owned 0.08% of CBIZ worth $3,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in 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 in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of CBIZ in the 4th quarter valued at approximately $60,000. Venturi Wealth Management LLC acquired a new stake in CBIZ in the 4th quarter valued at approximately $110,000. KBC Group NV grew its holdings in shares of CBIZ by 30.1% during the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after purchasing an additional 468 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of CBIZ by 9.4% during the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock worth $182,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

Wall Street Analyst Weigh In

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

CBIZ Trading Up 0.1%

NYSE:CBZ traded up $0.10 on Friday, reaching $72.29. The company's stock had a trading volume of 635,778 shares, compared to its average volume of 351,190. 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 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $3.93 billion, a PE ratio of 30.63 and a beta of 0.91. The business's 50-day moving average price is $73.40 and its two-hundred day moving average price is $78.26.

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

Insider Activity at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction that occurred 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 approximately $2,996,208.25. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.