Eaton Vance Management Increases Position in CBIZ, Inc. (NYSE:CBZ)

Eaton Vance Management lifted its holdings in CBIZ, Inc. (NYSE:CBZ) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,691,747 shares of the business services provider’s stock after purchasing an additional 31,368 shares during the period. Eaton Vance Management owned about 3.16% of CBIZ worth $45,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of CBIZ by 6.9% in the 4th quarter. BlackRock Inc. now owns 3,802,964 shares of the business services provider’s stock valued at $101,195,000 after purchasing an additional 244,562 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of CBIZ by 20.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,235,428 shares of the business services provider’s stock valued at $59,485,000 after purchasing an additional 378,628 shares in the last quarter. FIL Ltd increased its stake in shares of CBIZ by 12.0% in the 4th quarter. FIL Ltd now owns 1,865,080 shares of the business services provider’s stock valued at $49,630,000 after purchasing an additional 200,000 shares in the last quarter. Paradice Investment Management LLC increased its stake in shares of CBIZ by 4.2% in the 4th quarter. Paradice Investment Management LLC now owns 1,355,647 shares of the business services provider’s stock valued at $36,074,000 after purchasing an additional 54,792 shares in the last quarter. Finally, Norges Bank purchased a new stake in CBIZ during the 4th quarter worth approximately $21,371,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

NYSE:CBZ opened at $32.92 on Thursday. CBIZ, Inc. has a 12 month low of $20.24 and a 12 month high of $34.13. The stock has a 50 day moving average of $31.93 and a two-hundred day moving average of $26.88. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.76 billion, a P/E ratio of 23.68 and a beta of 0.58.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, February 18th. The business services provider reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). CBIZ had a return on equity of 11.27% and a net margin of 8.08%. The firm had revenue of $211.11 million for the quarter, compared to analysts’ expectations of $207.80 million. On average, research analysts forecast that CBIZ, Inc. will post 1.37 earnings per share for the current year.

In other CBIZ news, insider Michael P. Kouzelos sold 21,222 shares of the company’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $29.35, for a total transaction of $622,865.70. Following the transaction, the insider now directly owns 305,406 shares in the company, valued at $8,963,666.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Spurio sold 16,287 shares of the company’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $34.00, for a total value of $553,758.00. Following the transaction, the insider now owns 164,819 shares in the company, valued at $5,603,846. The disclosure for this sale can be found here. Insiders sold 201,791 shares of company stock worth $6,304,297 over the last quarter. 7.40% of the stock is currently owned by insiders.

Separately, Zacks Investment Research lowered CBIZ from a “buy” rating to a “hold” rating in a research note on Monday, January 4th.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.

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