Blair William & Co. IL Has $22.60 Million Position in CBIZ, Inc. (NYSE:CBZ)

Blair William & Co. IL grew its holdings in CBIZ, Inc. (NYSE:CBZ) by 134.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,016 shares of the business services provider’s stock after purchasing an additional 174,825 shares during the quarter. Blair William & Co. IL owned about 0.61% of CBIZ worth $22,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC lifted its stake in CBIZ by 2,980.0% in the second 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 period. Whittier Trust Co. bought a new stake in shares of CBIZ in the 1st quarter valued at $54,000. Covestor Ltd lifted its position in shares of CBIZ by 45.5% during the 1st quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 221 shares during the period. Assetmark Inc. boosted its stake in CBIZ by 24.8% during the fourth quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $57,000 after acquiring an additional 180 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in CBIZ in the fourth quarter worth $63,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

Shares of CBZ opened at $67.18 on Thursday. The business’s fifty day moving average is $73.49 and its 200 day moving average is $74.93. CBIZ, Inc. has a 12-month low of $49.15 and a 12-month high of $86.36. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.37 billion, a P/E ratio of 27.13 and a beta of 0.92.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.29). The business had revenue of $420.00 million for the quarter, compared to analyst estimates of $430.38 million. CBIZ had a return on equity of 14.58% and a net margin of 7.12%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. Sell-side analysts anticipate that CBIZ, Inc. will post 2.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBZ. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and boosted their target price for the company from $80.00 to $86.00 in a research report on Monday, August 12th.

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.