Hsbc Holdings PLC increased its position in CBIZ, Inc. (NYSE:CBZ) by 983.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 194,227 shares of the business services provider’s stock after purchasing an additional 176,297 shares during the period. Hsbc Holdings PLC owned about 0.35% of CBIZ worth $3,826,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CBZ. Bank of New York Mellon Corp increased its position in CBIZ by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 379,650 shares of the business services provider’s stock valued at $8,732,000 after buying an additional 3,870 shares in the last quarter. Victory Capital Management Inc. increased its position in CBIZ by 50.1% during the 3rd quarter. Victory Capital Management Inc. now owns 31,976 shares of the business services provider’s stock valued at $758,000 after buying an additional 10,679 shares in the last quarter. SG Americas Securities LLC increased its position in CBIZ by 425.3% during the 3rd quarter. SG Americas Securities LLC now owns 48,348 shares of the business services provider’s stock valued at $1,146,000 after buying an additional 39,144 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in CBIZ during the 3rd quarter valued at about $354,000. Finally, Granite Investment Partners LLC increased its position in CBIZ by 4.1% during the 3rd quarter. Granite Investment Partners LLC now owns 864,777 shares of the business services provider’s stock valued at $20,495,000 after buying an additional 33,933 shares in the last quarter. 86.91% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Joseph S. Dimartino sold 3,488 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.63, for a total value of $71,957.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ware H. Grove sold 5,754 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $20.36, for a total value of $117,151.44. Following the completion of the sale, the insider now owns 268,850 shares in the company, valued at approximately $5,473,786. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,134 shares of company stock worth $2,551,050. Company insiders own 7.20% of the company’s stock.
CBIZ stock opened at $19.97 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 18.32 and a beta of 0.51. CBIZ, Inc. has a fifty-two week low of $17.98 and a fifty-two week high of $24.38.
CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, February 13th. The business services provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $199.00 million for the quarter, compared to the consensus estimate of $202.33 million. CBIZ had a return on equity of 10.45% and a net margin of 6.68%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 EPS. On average, research analysts forecast that CBIZ, Inc. will post 1.2 earnings per share for the current year.
Several analysts have weighed in on CBZ shares. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Friday, February 15th. ValuEngine downgraded CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.
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CBIZ, Inc provides professional business services that help its clients manage their finances, employees, and insurance needs. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting, tax, financial advisory, government healthcare consulting, and risk advisory and valuation services.
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