CBIZ, Inc. (NYSE:CBZ) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of CBIZ, Inc. (NYSE:CBZ) by 21.9% in the third quarter, HoldingsChannel.com reports. The fund owned 1,698 shares of the business services provider’s stock after selling 477 shares during the period. Nisa Investment Advisors LLC’s holdings in CBIZ were worth $114,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CBZ. Capital World Investors purchased a new position in shares of CBIZ in the first quarter valued at approximately $40,590,000. Vanguard Group Inc. lifted its holdings in CBIZ by 36.3% during the 1st quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after buying an additional 986,774 shares in the last quarter. Blair William & Co. IL boosted its position in CBIZ by 102.7% in the 1st quarter. Blair William & Co. IL now owns 130,191 shares of the business services provider’s stock valued at $10,220,000 after buying an additional 65,968 shares during the period. Artemis Investment Management LLP grew its stake in shares of CBIZ by 22.8% in 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 in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of CBIZ by 6.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 303,096 shares of the business services provider’s stock worth $23,793,000 after acquiring an additional 18,638 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com lowered 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 increased their price target for the company from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Stock Down 0.6 %

Shares of CBIZ stock opened at $77.46 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. CBIZ, Inc. has a 52-week low of $55.25 and a 52-week high of $86.36. The company has a market capitalization of $3.89 billion, a P/E ratio of 32.82 and a beta of 0.91. The company has a 50 day moving average of $68.08 and a 200 day moving average of $72.81.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $438.90 million during the quarter, compared to analysts’ expectations of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.47%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. As a group, research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.