Northern Trust Corp Has $76.98 Million Stock Position in CBIZ, Inc. (NYSE:CBZ)

Northern Trust Corp increased its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 940,717 shares of the business services provider's stock after buying an additional 6,540 shares during the period. Northern Trust Corp owned 1.87% of CBIZ worth $76,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock valued at $5,298,000 after buying an additional 61,679 shares during the last quarter. Retirement Systems of Alabama lifted 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in CBIZ by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock valued at $47,432,000 after purchasing an additional 48,979 shares during the last quarter. Argent Capital Management LLC boosted 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 purchasing an additional 10,098 shares during the last quarter. Finally, Artemis Investment Management LLP increased its holdings 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 purchasing an additional 61,376 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

CBIZ Price Performance

CBIZ stock opened at $71.96 on Tuesday. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company's 50 day moving average price is $73.37 and its two-hundred day moving average price is $78.14. The stock has a market cap of $3.91 billion, a P/E ratio of 30.49 and a beta of 0.91. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.95% of the stock is owned by 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.

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