Glenmede Trust Co. NA Acquires 633 Shares of CBIZ, Inc. (NYSE:CBZ)

Glenmede Trust Co. NA raised its position in CBIZ, Inc. (NYSE:CBZ) by 16.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,425 shares of the business services provider’s stock after buying an additional 633 shares during the period. Glenmede Trust Co. NA’s holdings in CBIZ were worth $298,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CBZ. Quest Partners LLC boosted its position in CBIZ by 2,980.0% in the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after buying an additional 447 shares during the last quarter. Signaturefd LLC boosted its position in CBIZ by 55.8% in the 3rd 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 bought a new position in CBIZ in the 2nd quarter valued at $82,000. KBC Group NV boosted its position in CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after buying an additional 356 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of CBIZ by 16.1% in the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after purchasing an additional 249 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBZ has been the topic of several recent research reports. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and raised their price target for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Stock Down 3.8 %

NYSE:CBZ opened at $80.29 on Friday. CBIZ, Inc. has a 12-month low of $57.44 and a 12-month high of $86.36. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.03 billion, a P/E ratio of 34.02 and a beta of 0.95. The stock’s fifty day simple moving average is $72.68 and its 200-day simple moving average is $73.45.

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

CBIZ Company 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.