Vanguard Group Inc. Purchases 31,477 Shares of CBIZ, Inc. (NYSE:CBZ)

Vanguard Group Inc. boosted its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,667,189 shares of the business services provider's stock after acquiring an additional 31,477 shares during the quarter. Vanguard Group Inc. owned about 5.35% of CBIZ worth $138,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank acquired a new stake in CBIZ during the third quarter worth $41,000. Fortis Group Advisors LLC acquired a new stake in shares of CBIZ in the third quarter valued at $45,000. West Tower Group LLC acquired a new stake in shares of CBIZ in the second quarter valued at $47,000. Federated Hermes Inc. grew its stake in shares of CBIZ by 56.4% in the third quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider's stock valued at $48,000 after buying an additional 403 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its stake in shares of CBIZ by 53.3% in the second quarter. Pinebridge Investments L.P. now owns 1,159 shares of the business services provider's stock valued at $62,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Ratings Changes

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

CBIZ Stock Up 0.1 %

NYSE:CBZ traded up $0.08 during midday trading on Wednesday, reaching $76.58. The company had a trading volume of 277,105 shares, compared to its average volume of 316,341. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 32.14 and a beta of 0.83. The stock's fifty day simple moving average is $72.19 and its 200-day simple moving average is $62.52. CBIZ, Inc. has a 12-month low of $48.10 and a 12-month 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 released its earnings results on Thursday, February 15th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.01. The firm had revenue of $327.50 million during the quarter, compared to analyst estimates of $308.87 million. CBIZ had a return on equity of 15.49% and a net margin of 7.60%. CBIZ's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted ($0.21) earnings per share. On average, sell-side analysts anticipate that CBIZ, Inc. will post 2.74 earnings per share for the current fiscal year.

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.