Allspring Global Investments Holdings LLC Has $81.11 Million Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Allspring Global Investments Holdings LLC trimmed its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,295,832 shares of the business services provider's stock after selling 64,490 shares during the period. Allspring Global Investments Holdings LLC owned about 2.60% of CBIZ worth $81,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CBZ. Comerica Bank acquired a new position in shares of CBIZ in the 3rd quarter valued at $41,000. Fortis Group Advisors LLC acquired a new position in CBIZ in the third quarter worth about $45,000. Federated Hermes Inc. lifted its stake in CBIZ by 56.4% during the third quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider's stock worth $48,000 after purchasing an additional 403 shares during the period. Advisor Group Holdings Inc. lifted its stake in CBIZ by 127.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider's stock worth $57,000 after purchasing an additional 675 shares during the period. Finally, Money Concepts Capital Corp acquired a new stake in CBIZ during the fourth quarter valued at approximately $65,000. Institutional investors own 87.44% of the company's stock.

CBIZ Price Performance

Shares of CBZ traded down $2.50 during trading hours on Wednesday, hitting $74.48. The stock had a trading volume of 245,472 shares, compared to its average volume of 310,126. CBIZ, Inc. has a 52 week low of $49.13 and a 52 week high of $79.55. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 31.29 and a beta of 0.83. The company's fifty day moving average is $73.54 and its two-hundred day moving average is $63.41. 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 (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 for the quarter, topping the consensus estimate of ($0.27) by $0.01. The company had revenue of $327.50 million during 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 was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.21) earnings per share. On average, analysts anticipate that CBIZ, Inc. will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

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

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.