SG Americas Securities LLC Reduces Stock Position in CBIZ, Inc. (NYSE:CBZ)

SG Americas Securities LLC lessened its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 82.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,366 shares of the business services provider’s stock after selling 10,955 shares during the period. SG Americas Securities LLC’s holdings in CBIZ were worth $159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quest Partners LLC grew its position in shares of CBIZ by 2,980.0% in the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after buying an additional 447 shares during the last quarter. Whittier Trust Co. purchased a new position in CBIZ during the 1st quarter valued at $54,000. Covestor Ltd raised its holdings in CBIZ by 45.5% in the 1st quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock worth $56,000 after purchasing an additional 221 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of CBIZ in the 2nd quarter worth about $82,000. Finally, Ridgewood Investments LLC bought a new stake in shares of CBIZ during the 2nd quarter valued at about $137,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of CBZ stock opened at $66.54 on Friday. The company’s fifty day moving average price is $68.03 and its 200-day moving average price is $73.06. The stock has a market cap of $3.34 billion, a PE ratio of 28.56 and a beta of 0.92. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. CBIZ, Inc. has a 12 month low of $49.15 and a 12 month high of $86.36.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $86.00 in a research note on Monday, August 12th.

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.