Hsbc Holdings PLC Sells 4,825 Shares of CBIZ, Inc. (NYSE:CBZ)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its stake in shares of CBIZ by 362.1% in the third quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock valued at $5,298,000 after purchasing an additional 61,679 shares during the period. Retirement Systems of Alabama increased its position in CBIZ by 10.3% in the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock valued at $5,800,000 after acquiring an additional 8,032 shares during the period. Argent Capital Management LLC raised its stake in CBIZ by 13.3% during the 4th quarter. Argent Capital Management LLC now owns 86,079 shares of the business services provider's stock valued at $7,044,000 after acquiring an additional 10,098 shares in the last quarter. Artemis Investment Management LLP boosted its position in CBIZ by 18.5% during the 4th quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider's stock worth $32,234,000 after acquiring an additional 61,376 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider's stock valued at $182,000 after buying an additional 529 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction that occurred 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 sale, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This represents a 13.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.95% of the company's stock.

CBIZ Price Performance

Shares of NYSE:CBZ traded down $0.17 on Friday, reaching $72.42. 237,006 shares of the company traded hands, compared to its average volume of 344,427. The stock has a market capitalization of $3.94 billion, a PE ratio of 30.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company's 50 day moving average is $72.94 and its 200-day moving average is $78.13. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13.

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 for the quarter, beating analysts' consensus estimates of $2.11 by $0.18. The business had revenue of $838.01 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $1.54 EPS. As a group, analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a research report 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.