CBIZ, Inc. (NYSE:CBZ) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 167.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,543 shares of the business services provider's stock after purchasing an additional 58,549 shares during the period. Assenagon Asset Management S.A. owned approximately 0.19% of CBIZ worth $5,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG boosted its holdings in shares of CBIZ by 53.9% during the third quarter. Deutsche Bank AG now owns 125,341 shares of the business services provider's stock worth $6,505,000 after purchasing an additional 43,897 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of CBIZ during the third quarter worth approximately $536,000. Kestra Advisory Services LLC acquired a new stake in shares of CBIZ during the third quarter worth approximately $1,560,000. Burgundy Asset Management Ltd. boosted its holdings in shares of CBIZ by 8.2% during the third quarter. Burgundy Asset Management Ltd. now owns 2,039,382 shares of the business services provider's stock worth $105,844,000 after purchasing an additional 154,498 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of CBIZ by 6.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,381 shares of the business services provider's stock worth $227,000 after purchasing an additional 257 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CBIZ Stock Down 0.8 %

CBZ traded down $0.64 during midday trading on Monday, hitting $77.86. 277,271 shares of the company's stock traded hands, compared to its average volume of 317,528. The company has a market cap of $3.90 billion, a PE ratio of 32.71 and a beta of 0.83. The stock's fifty day simple moving average is $71.96 and its 200-day simple moving average is $62.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.20 and a quick ratio of 1.20. CBIZ, Inc. has a one year low of $48.10 and a one year high of $79.55.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.01. The firm had revenue of $327.50 million for the quarter, compared to analyst estimates of $308.87 million. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) earnings per share. As a group, equities analysts anticipate that CBIZ, Inc. will post 2.74 earnings per share for the current fiscal year.

About CBIZ

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.