CBIZ, Inc. (NYSE:CBZ) Short Interest Update

CBIZ, Inc. (NYSE:CBZ) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,220,000 shares, an increase of 15.1% from the October 31st total of 1,060,000 shares. Based on an average daily trading volume, of 325,200 shares, the short-interest ratio is currently 3.8 days. Approximately 2.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

CBZ has been the subject of a number of research analyst reports. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and upped their target price for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Price Performance

NYSE:CBZ traded up $0.14 during mid-day trading on Friday, reaching $82.58. 153,635 shares of the stock were exchanged, compared to its average volume of 329,886. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $71.49 and a 200 day moving average price of $73.30. CBIZ has a 1-year low of $57.19 and a 1-year high of $86.36. The firm has a market capitalization of $4.14 billion, a PE ratio of 34.99 and a beta of 0.91.

CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $438.90 million during the quarter, compared to analyst estimates of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Research analysts expect that CBIZ will post 2.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CBIZ

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of CBIZ by 22.2% during the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after purchasing an additional 8,695 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in CBIZ during the 3rd quarter worth about $740,000. Artemis Investment Management LLP lifted its stake in CBIZ by 22.8% during the third quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock valued at $22,376,000 after buying an additional 61,754 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of CBIZ in the third quarter worth approximately $1,865,000. Finally, Quantbot Technologies LP increased its position in shares of CBIZ by 960.9% in the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock worth $2,614,000 after acquiring an additional 35,188 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.