17,231 Shares in CBIZ, Inc. (NYSE:CBZ) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in CBIZ, Inc. (NYSE:CBZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,231 shares of the business services provider’s stock, valued at approximately $1,159,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in CBIZ by 36.3% in the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock valued at $290,850,000 after acquiring an additional 986,774 shares during the period. Cannon Global Investment Management LLC acquired a new stake in CBIZ during the third quarter valued at approximately $740,000. Victory Capital Management Inc. grew its stake in shares of CBIZ by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after purchasing an additional 8,695 shares during the period. Artemis Investment Management LLP lifted its position in shares of CBIZ by 22.8% during the 3rd quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock worth $22,376,000 after buying an additional 61,754 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in CBIZ in the 3rd quarter valued at $1,865,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Trading Up 1.2 %

CBZ stock opened at $83.00 on Wednesday. The business has a fifty day moving average price of $70.28 and a 200 day moving average price of $73.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. CBIZ, Inc. has a fifty-two week low of $57.01 and a fifty-two week high of $86.36. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 35.17 and a beta of 0.91.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $438.90 million during the quarter, compared to analysts’ expectations of $440.16 million. During the same period in the previous year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CBZ. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Sidoti raised shares of CBIZ from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $86.00 in a report on Monday, August 12th.

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.