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XTX Topco Ltd Invests $1.04 Million in CBIZ, Inc. (NYSE:CBZ)

CBIZ logo with Business Services background

Key Points

  • XTX Topco Ltd acquired a new stake in CBIZ, Inc., purchasing 13,751 shares valued at approximately $1,043,000 in the first quarter.
  • Other large investors, including Burgundy Asset Management and Invesco Ltd., have significantly increased their holdings, contributing to institutional investors owning 87.44% of the company's stock.
  • CBIZ reported $0.95 earnings per share for the last quarter, surpassing analysts' expectations, which were lower at $0.84.
  • Interested in CBIZ? Here are five stocks we like better.

XTX Topco Ltd acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,751 shares of the business services provider's stock, valued at approximately $1,043,000.

Several other institutional investors have also recently made changes to their positions in CBZ. Burgundy Asset Management Ltd. lifted 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 purchasing an additional 31,253 shares in the last quarter. Capital World Investors raised its position in shares of CBIZ by 37.6% during the 4th quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock worth $92,843,000 after purchasing an additional 309,785 shares during the last quarter. Northern Trust Corp lifted 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 buying an additional 6,540 shares in the last quarter. GW&K Investment Management LLC lifted its stake in CBIZ by 9.7% in the 1st quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider's stock valued at $67,782,000 after buying an additional 78,811 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in CBIZ by 157.2% in the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock worth $62,944,000 after buying an additional 470,095 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Stock Performance

NYSE:CBZ traded up $0.62 during mid-day trading on Friday, reaching $61.74. 1,903,573 shares of the stock were exchanged, compared to its average volume of 760,846. The stock has a market capitalization of $3.33 billion, a P/E ratio of 35.48 and a beta of 0.92. CBIZ, Inc. has a 1 year low of $56.83 and a 1 year high of $90.13. The company has a 50 day simple moving average of $72.03 and a 200-day simple moving average of $75.37. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.84 by $0.11. CBIZ had a net margin of 4.51% and a return on equity of 14.73%. The firm had revenue of $683.50 million during the quarter, compared to the consensus estimate of $701.43 million. During the same quarter in the prior year, the firm earned $0.39 EPS. CBIZ's revenue for the quarter was up 62.7% on a year-over-year basis. Analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, William Blair restated an "outperform" rating on shares of CBIZ in a report on Friday, April 25th.

Get Our Latest Stock Analysis on CBIZ

CBIZ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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