CBIZ, Inc. (NYSE:CBZ) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 24.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,793 shares of the business services provider’s stock after acquiring an additional 6,206 shares during the period. Empowered Funds LLC owned 0.06% of CBIZ worth $2,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CBZ. Capital World Investors acquired a new position in CBIZ during the first quarter valued at approximately $40,590,000. Vanguard Group Inc. raised its stake in CBIZ by 36.3% during 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 buying an additional 986,774 shares in the last quarter. Cannon Global Investment Management LLC acquired a new position in CBIZ in the third quarter worth $740,000. Artemis Investment Management LLP grew 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 valued at $22,376,000 after buying an additional 61,754 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of CBIZ by 6.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 303,096 shares of the business services provider’s stock worth $23,793,000 after purchasing an additional 18,638 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on CBZ shares. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Wednesday.

CBIZ Stock Up 1.0 %

CBZ stock opened at $77.88 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 12-month low of $57.01 and a 12-month high of $86.36. The company has a 50 day moving average of $69.49 and a two-hundred day moving average of $73.02. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 33.00 and a beta of 0.91.

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

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.