SG Capital Management LLC Makes New $20.54 Million Investment in CBIZ, Inc. (NYSE:CBZ)

SG Capital Management LLC acquired a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 251,044 shares of the business services provider's stock, valued at approximately $20,543,000. CBIZ comprises 2.0% of SG Capital Management LLC's holdings, making the stock its 15th biggest position. SG Capital Management LLC owned approximately 0.50% of CBIZ at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBZ. Smartleaf Asset Management LLC lifted its stake in shares of CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock valued at $53,000 after buying an additional 276 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in CBIZ during the fourth quarter valued at approximately $60,000. Venturi Wealth Management LLC bought a new position in shares of CBIZ in the fourth quarter worth approximately $110,000. KBC Group NV increased its holdings in CBIZ by 30.1% during the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock valued at $165,000 after purchasing an additional 468 shares during the period. Finally, Huntington National Bank lifted its holdings in CBIZ by 9.4% in the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock worth $182,000 after buying an additional 191 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CBZ. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Price Performance

CBIZ stock traded down $1.55 during mid-day trading on Wednesday, hitting $72.06. The stock had a trading volume of 106,066 shares, compared to its average volume of 345,457. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.92 billion, a P/E ratio of 30.53 and a beta of 0.91. The firm's 50 day moving average is $73.35 and its 200 day moving average is $78.46.

CBIZ (NYSE:CBZ - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm had revenue of $838.01 million for the quarter, compared to the consensus estimate of $860.25 million. During the same period in the previous year, the firm posted $1.54 EPS. The business's quarterly revenue was up 69.5% on a year-over-year basis. On average, sell-side analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the sale, the director now directly owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.95% of the stock is currently owned by corporate insiders.

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.