Wellington Management Group LLP Purchases Shares of 401,552 CBIZ, Inc. (NYSE:CBZ)

Wellington Management Group LLP acquired a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 401,552 shares of the business services provider's stock, valued at approximately $32,859,000. Wellington Management Group LLP owned 0.75% of CBIZ as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Burgundy Asset Management Ltd. increased its holdings in CBIZ by 1.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider's stock valued at $170,319,000 after buying an additional 31,253 shares during the period. McIlrath & Eck LLC increased its holdings in CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after buying an additional 367 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CBIZ by 15.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,594 shares of the business services provider's stock valued at $11,096,000 after buying an additional 17,810 shares during the period. Voloridge Investment Management LLC increased its holdings in CBIZ by 72.4% during the fourth quarter. Voloridge Investment Management LLC now owns 42,118 shares of the business services provider's stock valued at $3,447,000 after buying an additional 17,685 shares during the period. Finally, Waters Parkerson & CO. LLC purchased a new position in CBIZ in the fourth quarter worth $23,383,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBZ has been the topic of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a report on Friday, April 25th. Wall Street Zen lowered shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Stock Down 0.9%

NYSE CBZ traded down $0.65 on Monday, hitting $71.59. The stock had a trading volume of 334,752 shares, compared to its average volume of 351,123. The business's fifty day moving average price is $73.40 and its 200 day moving average price is $78.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 30.34 and a beta of 0.91.

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

Insider Activity

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now directly owns 41,759 shares of the company's stock, valued at $2,996,208.25. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.