California State Teachers Retirement System reduced its holdings in CBIZ, Inc. (NYSE:CBZ) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,584 shares of the business services provider’s stock after selling 6,600 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of CBIZ worth $1,359,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of CBIZ by 147.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,637 shares of the business services provider’s stock worth $145,000 after acquiring an additional 5,735 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of CBIZ by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock worth $186,000 after acquiring an additional 350 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of CBIZ in the 2nd quarter worth approximately $272,000. Legal & General Group Plc boosted its holdings in shares of CBIZ by 49.6% in the 2nd quarter. Legal & General Group Plc now owns 18,360 shares of the business services provider’s stock worth $276,000 after acquiring an additional 6,091 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of CBIZ in the 2nd quarter worth approximately $306,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.
CBIZ, Inc. (CBZ) opened at $15.20 on Wednesday. The company has a market capitalization of $825.51, a P/E ratio of 18.35 and a beta of 0.85. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.39. CBIZ, Inc. has a 1-year low of $12.20 and a 1-year high of $17.25.
CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $207.70 million during the quarter, compared to analyst estimates of $212.66 million. CBIZ had a return on equity of 8.94% and a net margin of 5.34%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. research analysts anticipate that CBIZ, Inc. will post 0.84 earnings per share for the current fiscal year.
CBZ has been the topic of several recent analyst reports. Zacks Investment Research downgraded CBIZ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.
In other CBIZ news, insider Ware H. Grove sold 25,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $15.06, for a total transaction of $376,500.00. Following the transaction, the insider now owns 282,172 shares of the company’s stock, valued at approximately $4,249,510.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Chris Spurio sold 16,250 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $15.18, for a total value of $246,675.00. Following the transaction, the insider now directly owns 191,293 shares in the company, valued at approximately $2,903,827.74. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.
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CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
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