CBIZ, Inc. (NYSE:CBZ) Short Interest Up 9.7% in March

CBIZ, Inc. (NYSE:CBZ - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 788,000 shares, an increase of 9.7% from the February 29th total of 718,100 shares. Based on an average trading volume of 307,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.7% of the company's shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of CBIZ by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 2,718,316 shares of the business services provider's stock valued at $170,139,000 after buying an additional 51,127 shares during the last quarter. Fortis Group Advisors LLC boosted its stake in shares of CBIZ by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,750 shares of the business services provider's stock valued at $110,000 after purchasing an additional 875 shares during the period. Goldman Sachs Group Inc. raised its holdings in CBIZ by 12.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 507,824 shares of the business services provider's stock valued at $31,785,000 after acquiring an additional 54,573 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in CBIZ in the fourth quarter valued at $1,876,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of CBIZ by 7.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 120,259 shares of the business services provider's stock worth $7,527,000 after purchasing an additional 8,104 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, Sidoti cut CBIZ from a "buy" rating to a "neutral" rating and set a $63.00 price objective for the company. in a research note on Tuesday, January 2nd.

CBIZ Stock Up 0.1 %

CBZ stock traded up $0.08 during trading on Wednesday, hitting $76.58. 277,105 shares of the company's stock were exchanged, compared to its average volume of 316,341. The business has a 50-day moving average price of $72.19 and a two-hundred day moving average price of $62.52. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 32.14 and a beta of 0.83. CBIZ has a 52-week low of $48.10 and a 52-week high of $79.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.39.

CBIZ (NYSE:CBZ - Get Free Report) last posted its earnings results on Thursday, February 15th. The business services provider reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.01. CBIZ had a return on equity of 15.49% and a net margin of 7.60%. The firm had revenue of $327.50 million during the quarter, compared to analysts' expectations of $308.87 million. During the same quarter in the previous year, the business earned ($0.21) earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that CBIZ will post 2.74 EPS for the current year.

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.