Pathstone Holdings LLC Purchases 2,927 Shares of CBIZ, Inc. (NYSE:CBZ)

Pathstone Holdings LLC raised its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,645 shares of the business services provider’s stock after purchasing an additional 2,927 shares during the quarter. Pathstone Holdings LLC’s holdings in CBIZ were worth $1,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quest Partners LLC raised its holdings in CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after purchasing an additional 447 shares in the last quarter. Signaturefd LLC grew its holdings in shares of CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after buying an additional 344 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of CBIZ during the second quarter valued at $82,000. KBC Group NV grew its stake in shares of CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after acquiring an additional 356 shares during the period. Finally, US Bancorp DE raised its holdings in shares of CBIZ by 16.1% during the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CBIZ Trading Down 0.7 %

CBZ stock opened at $82.44 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 35.25 and a beta of 0.91. The business has a 50 day simple moving average of $70.59 and a two-hundred day simple moving average of $73.16. CBIZ, Inc. has a 1-year low of $57.01 and a 1-year high of $86.36.

CBIZ (NYSE:CBZ) last announced its quarterly 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. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. CBIZ’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

About CBIZ

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.