Private Advisor Group LLC raised its stake in CBIZ, Inc. (NYSE:CBZ) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,643 shares of the business services provider’s stock after purchasing an additional 6,606 shares during the period. Private Advisor Group LLC owned approximately 0.25% of CBIZ worth $3,215,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Ramsey Quantitative Systems boosted its holdings in CBIZ by 38.6% in the 3rd quarter. Ramsey Quantitative Systems now owns 8,850 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 2,467 shares during the period. First Quadrant L P CA bought a new stake in CBIZ in the 3rd quarter valued at $221,000. Bowling Portfolio Management LLC bought a new stake in CBIZ in the 2nd quarter valued at $222,000. Macquarie Group Ltd. boosted its holdings in CBIZ by 89.6% in the 2nd quarter. Macquarie Group Ltd. now owns 9,976 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 4,715 shares during the period. Finally, V Wealth Management LLC bought a new stake in CBIZ in the 2nd quarter valued at $255,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Donald V. Weir sold 10,000 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $23.77, for a total value of $237,700.00. Following the completion of the transaction, the director now owns 11,955 shares in the company, valued at approximately $284,170.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ware H. Grove sold 20,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $22.70, for a total transaction of $454,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,841 shares of company stock valued at $2,414,914. Corporate insiders own 7.20% of the company’s stock.
Shares of CBZ stock opened at $22.06 on Friday. CBIZ, Inc. has a 52-week low of $14.35 and a 52-week high of $24.38. The firm has a market capitalization of $1.21 billion, a PE ratio of 25.36 and a beta of 0.62. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.28.
CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. CBIZ had a net margin of 7.34% and a return on equity of 11.30%. The company had revenue of $224.25 million during the quarter, compared to analysts’ expectations of $218.67 million. During the same quarter in the prior year, the company posted $0.18 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that CBIZ, Inc. will post 1.08 earnings per share for the current year.
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CBIZ, Inc, through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting and tax compliance and consulting, litigation support, federal and state governmental healthcare compliance, valuation services, real estate consulting, and internal audit outsourcing services.
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