CBIZ, Inc. (NYSE:CBZ) Shares Bought by Quest Partners LLC

Quest Partners LLC grew its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 710.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,746 shares of the business services provider’s stock after purchasing an additional 3,284 shares during the period. Quest Partners LLC’s holdings in CBIZ were worth $252,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CBZ. AQR Capital Management LLC increased its stake in CBIZ by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock valued at $1,109,000 after buying an additional 176 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in CBIZ by 1.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider’s stock worth $1,203,000 after purchasing an additional 185 shares in the last quarter. Inspire Investing LLC lifted its position in CBIZ by 4.2% in the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock worth $352,000 after purchasing an additional 190 shares during the period. US Bancorp DE lifted its position in CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after purchasing an additional 249 shares during the period. Finally, Arizona State Retirement System increased its position in shares of CBIZ by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider’s stock valued at $934,000 after purchasing an additional 275 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBZ. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Sidoti raised shares of CBIZ from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $86.00 in a report on Monday, August 12th.

CBIZ Trading Up 1.2 %

CBIZ stock opened at $83.00 on Wednesday. CBIZ, Inc. has a 1 year low of $57.01 and a 1 year high of $86.36. The firm’s 50 day moving average price is $70.28 and its two-hundred day moving average price is $73.11. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 34.97 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

CBIZ (NYSE:CBZ) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same period in the previous year, the firm posted $0.66 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.