CBIZ, Inc. (NYSE:CBZ) Short Interest Update

CBIZ, Inc. (NYSE:CBZ - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,270,000 shares, an increase of 61.2% from the March 15th total of 788,000 shares. Approximately 2.7% of the company's shares are short sold. Based on an average daily trading volume, of 313,100 shares, the days-to-cover ratio is presently 4.1 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CBIZ

Several large investors have recently modified their holdings of the business. Morgan Stanley grew its stake in CBIZ by 853.9% during the fourth quarter. Morgan Stanley now owns 3,871,416 shares of the business services provider's stock valued at $181,376,000 after acquiring an additional 3,465,585 shares in the last quarter. BlackRock Inc. lifted its position in CBIZ by 5.6% during the second quarter. BlackRock Inc. now owns 3,440,914 shares of the business services provider's stock valued at $183,332,000 after purchasing an additional 184,006 shares during the last quarter. Eaton Vance Management lifted its position in CBIZ by 14.3% during the first quarter. Eaton Vance Management now owns 2,923,896 shares of the business services provider's stock valued at $122,716,000 after purchasing an additional 364,887 shares during the last quarter. Vanguard Group Inc. lifted its position in CBIZ by 1.9% during 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 purchasing an additional 51,127 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in CBIZ by 5.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,151,499 shares of the business services provider's stock valued at $134,662,000 after purchasing an additional 112,117 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Stock Down 0.5 %

NYSE CBZ traded down $0.36 on Friday, hitting $73.97. 237,506 shares of the company were exchanged, compared to its average volume of 308,051. The company has a market cap of $3.71 billion, a PE ratio of 31.23 and a beta of 0.83. CBIZ has a 12 month low of $49.13 and a 12 month high of $79.55. The stock has a fifty day moving average of $73.73 and a 200-day moving average of $63.48. 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 quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.01. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. The business had revenue of $327.50 million during the quarter, compared to the consensus estimate of $308.87 million. During the same quarter last year, the company posted ($0.21) earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that CBIZ will post 2.74 earnings per share 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.