CBIZ, Inc. (NYSE:CBZ) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of CBIZ, Inc. (NYSE:CBZFree Report) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,176 shares of the business services provider’s stock after selling 458 shares during the period. Hsbc Holdings PLC’s holdings in CBIZ were worth $268,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in CBIZ in the third quarter valued at about $1,560,000. Burgundy Asset Management Ltd. lifted its position in CBIZ by 8.2% in the third quarter. Burgundy Asset Management Ltd. now owns 2,039,382 shares of the business services provider’s stock valued at $105,844,000 after purchasing an additional 154,498 shares during the period. Moran Wealth Management LLC lifted its position in CBIZ by 19.5% in the second quarter. Moran Wealth Management LLC now owns 5,431 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 887 shares during the period. Citigroup Inc. lifted its position in CBIZ by 269.7% in the second quarter. Citigroup Inc. now owns 29,701 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 21,668 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in CBIZ by 100.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 22,400 shares of the business services provider’s stock valued at $1,163,000 after purchasing an additional 11,200 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

CBIZ Price Performance

CBZ stock opened at $76.60 on Friday. The firm has a 50 day moving average of $67.37 and a 200-day moving average of $59.84. CBIZ, Inc. has a 12-month low of $46.30 and a 12-month high of $77.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 32.18 and a beta of 0.83.

CBIZ (NYSE:CBZGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $308.87 million. During the same period last year, the firm earned ($0.21) EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts expect that CBIZ, Inc. will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Sidoti downgraded shares of CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a research report on Tuesday, January 2nd.

View Our Latest Research Report on CBZ

CBIZ Company Profile

(Free Report)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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