3,889 Shares in CBIZ, Inc. (NYSE:CBZ) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in CBIZ, Inc. (NYSE:CBZ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,889 shares of the business services provider’s stock, valued at approximately $262,000.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of CBIZ by 22.2% during the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after purchasing an additional 8,695 shares during the last quarter. Cannon Global Investment Management LLC bought a new position in CBIZ in the 3rd quarter valued at $740,000. Quantbot Technologies LP increased its stake in shares of CBIZ by 960.9% in the 3rd quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after buying an additional 35,188 shares during the period. Artemis Investment Management LLP raised its position in shares of CBIZ by 22.8% during the third quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock worth $22,376,000 after acquiring an additional 61,754 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of CBIZ by 205.1% during the third quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock valued at $3,580,000 after acquiring an additional 35,768 shares during the period. 87.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Friday.

CBIZ Trading Down 0.8 %

Shares of NYSE CBZ opened at $82.02 on Friday. CBIZ, Inc. has a fifty-two week low of $60.59 and a fifty-two week high of $86.36. The firm has a market capitalization of $4.12 billion, a P/E ratio of 34.75 and a beta of 0.95. 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’s 50 day simple moving average is $77.29 and its 200 day simple moving average is $73.87.

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