Stifel Financial Corp Purchases 4,738 Shares of CBIZ, Inc. (NYSE:CBZ)

Stifel Financial Corp increased its holdings in CBIZ, Inc. (NYSE:CBZ) by 52.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,789 shares of the business services provider’s stock after purchasing an additional 4,738 shares during the period. Stifel Financial Corp’s holdings in CBIZ were worth $928,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Quest Partners LLC raised its position in shares of CBIZ by 2,980.0% during 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 in the last quarter. Signaturefd LLC increased its stake in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after acquiring an additional 344 shares during the last quarter. Quarry LP raised its position in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 1,077 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of CBIZ in the 2nd quarter valued at approximately $82,000. Finally, KBC Group NV boosted its holdings in shares of CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

CBIZ stock opened at $80.62 on Tuesday. The firm has a market capitalization of $4.05 billion, a PE ratio of 34.16 and a beta of 0.95. CBIZ, Inc. has a 12-month low of $60.59 and a 12-month high of $86.36. The firm has a 50-day moving average price of $76.10 and a 200-day moving average price of $73.64. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ (NYSE:CBZ) last announced 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 the consensus estimate of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

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.