Paradice Investment Management LLC Sells 361,945 Shares of CBIZ, Inc. (NYSE:CBZ)

Paradice Investment Management LLC trimmed its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 58.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 259,272 shares of the business services provider's stock after selling 361,945 shares during the period. CBIZ accounts for about 2.0% of Paradice Investment Management LLC's investment portfolio, making the stock its 24th biggest holding. Paradice Investment Management LLC owned about 0.52% of CBIZ worth $16,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBZ. Premier Fund Managers Ltd boosted its holdings in shares of CBIZ by 596.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 615,942 shares of the business services provider's stock valued at $32,442,000 after buying an additional 527,448 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of CBIZ by 8.2% during the 3rd 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. Fiera Capital Corp raised its position in shares of CBIZ by 94.0% during the 3rd quarter. Fiera Capital Corp now owns 186,950 shares of the business services provider's stock worth $9,703,000 after purchasing an additional 90,600 shares during the period. Summit Creek Advisors LLC bought a new stake in shares of CBIZ in the 4th quarter worth approximately $5,194,000. Finally, Manatuck Hill Partners LLC acquired a new position in CBIZ during the 3rd quarter valued at approximately $3,529,000. 87.44% of the stock is owned by institutional investors.

CBIZ Price Performance

NYSE CBZ traded up $0.62 on Friday, reaching $77.99. 153,538 shares of the stock traded hands, compared to its average volume of 257,184. CBIZ, Inc. has a 12 month low of $49.15 and a 12 month high of $79.55. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50. The firm's fifty day simple moving average is $75.73 and its 200 day simple moving average is $67.67. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 31.57 and a beta of 0.87.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). CBIZ had a return on equity of 15.43% and a net margin of 7.65%. The business had revenue of $494.30 million during the quarter, compared to the consensus estimate of $490.88 million. During the same quarter last year, the firm posted $1.46 earnings per share. CBIZ's revenue was up 8.7% compared to the same quarter last year. As a group, research analysts predict that CBIZ, Inc. will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Friday, April 26th.

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.