CBIZ, Inc. (NYSE:CBZ) Stock Position Reduced by Strs Ohio

Strs Ohio lessened its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 11.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,700 shares of the business services provider's stock after selling 12,100 shares during the quarter. Strs Ohio owned approximately 0.19% of CBIZ worth $5,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CBZ. Simplicity Solutions LLC purchased a new stake in shares of CBIZ during the 4th quarter worth approximately $238,000. Bleakley Financial Group LLC purchased a new stake in CBIZ in the fourth quarter valued at $238,000. Mirae Asset Global Investments Co. Ltd. lifted its position in CBIZ by 6.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,229 shares of the business services provider's stock valued at $1,454,000 after acquiring an additional 1,325 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in CBIZ by 167.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 93,543 shares of the business services provider's stock valued at $5,855,000 after acquiring an additional 58,549 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of CBIZ during the fourth quarter worth about $384,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Performance

Shares of CBIZ stock traded up $0.70 during trading on Friday, reaching $74.92. The company's stock had a trading volume of 187,823 shares, compared to its average volume of 306,963. The firm has a market cap of $3.75 billion, a PE ratio of 31.48 and a beta of 0.83. The company has a 50-day moving average price of $74.86 and a two-hundred day moving average price of $64.41. 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, Inc. has a fifty-two week low of $49.13 and a fifty-two week high of $79.55.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $327.50 million for 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%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.21) earnings per share. On average, analysts forecast that CBIZ, Inc. will post 2.74 EPS for the current year.

Analyst Ratings Changes

Separately, Sidoti cut 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.

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.