Hsbc Holdings PLC Has $485,000 Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Hsbc Holdings PLC lowered its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 45.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,885 shares of the business services provider's stock after selling 4,825 shares during the quarter. Hsbc Holdings PLC's holdings in CBIZ were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CBZ. Stifel Financial Corp lifted its position in shares of CBIZ by 25.0% in the fourth quarter. Stifel Financial Corp now owns 17,236 shares of the business services provider's stock worth $1,410,000 after buying an additional 3,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in CBIZ in the 4th quarter worth approximately $2,888,000. MetLife Investment Management LLC boosted its position in CBIZ by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 28,936 shares of the business services provider's stock worth $2,368,000 after purchasing an additional 1,280 shares during the period. Capital World Investors grew its holdings in CBIZ by 37.6% during the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock valued at $92,843,000 after purchasing an additional 309,785 shares during the last quarter. Finally, Mariner LLC grew its holdings in CBIZ by 6.7% during the fourth quarter. Mariner LLC now owns 11,944 shares of the business services provider's stock valued at $977,000 after purchasing an additional 748 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Stock Performance

Shares of CBZ stock traded up $0.86 during trading hours on Monday, reaching $73.29. 33,901 shares of the company's stock were exchanged, compared to its average volume of 344,017. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $3.99 billion, a P/E ratio of 30.97 and a beta of 0.91. The business has a fifty day moving average price of $72.94 and a 200-day moving average price of $78.30.

CBIZ (NYSE:CBZ - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm posted $1.54 earnings per share. CBIZ's revenue was up 69.5% compared to the same quarter last year. Analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CBZ. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a report on Friday, April 25th. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.

Insider Buying and Selling

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.95% of the stock is owned by company insiders.

CBIZ 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.