Wealth Enhancement Advisory Services LLC Has $2.91 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Wealth Enhancement Advisory Services LLC increased its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 130.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 38,340 shares of the business services provider's stock after purchasing an additional 21,728 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of CBIZ worth $2,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its stake in CBIZ by 193.2% in the 4th 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 shares of CBIZ by 75.0% during the 4th 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 period. Huntington National Bank boosted its stake 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 valued at $182,000 after buying an additional 191 shares during the period. ArrowMark Colorado Holdings LLC acquired a new stake in shares of CBIZ during the 4th quarter valued at $204,000. Finally, Welch & Forbes LLC acquired a new stake in shares of CBIZ during the 4th quarter valued at $217,000. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Stock Down 1.0%

Shares of NYSE:CBZ traded down $0.68 during trading on Friday, reaching $71.17. 1,440,730 shares of the company traded hands, compared to its average volume of 367,179. The firm has a fifty day simple moving average of $71.42 and a 200 day simple moving average of $76.94. The firm has a market cap of $3.87 billion, a P/E ratio of 48.41 and a beta of 0.93. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.76.

CBIZ (NYSE:CBZ - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.18. The company had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The company's revenue for the quarter was up 69.5% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. Analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th.

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.