Quantitative Systematic Strategies LLC Takes $244,000 Position in CBIZ, Inc. (NYSE:CBZ)

Quantitative Systematic Strategies LLC acquired a new stake in CBIZ, Inc. (NYSE:CBZ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,473 shares of the business services provider’s stock, valued at approximately $244,000.

Several other hedge funds also recently added to or reduced their stakes in CBZ. Quantamental Technologies LLC grew its stake in shares of CBIZ by 40.9% in the 1st quarter. Quantamental Technologies LLC now owns 3,100 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 900 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of CBIZ by 8.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,117 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 801 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of CBIZ by 260.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,744 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 7,765 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of CBIZ in the 1st quarter valued at approximately $219,000. Finally, Menta Capital LLC bought a new stake in shares of CBIZ in the 1st quarter valued at approximately $248,000. Institutional investors own 86.92% of the company’s stock.

In other CBIZ news, insider Ware H. Grove sold 10,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $20.52, for a total transaction of $205,200.00. Following the transaction, the insider now owns 273,096 shares of the company’s stock, valued at approximately $5,603,929.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ware H. Grove sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $20.52, for a total value of $410,400.00. Following the transaction, the insider now directly owns 283,096 shares in the company, valued at approximately $5,809,129.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,000 shares of company stock worth $1,237,420. Company insiders own 7.40% of the company’s stock.

NYSE CBZ traded down $0.29 during trading hours on Friday, reaching $22.95. 1,127 shares of the company’s stock were exchanged, compared to its average volume of 253,443. The company has a market cap of $1.25 billion, a PE ratio of 21.03 and a beta of 0.35. CBIZ, Inc. has a one year low of $18.64 and a one year high of $24.38. The business’s fifty day simple moving average is $21.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.47 and a current ratio of 1.41.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The business had revenue of $235.50 million for the quarter, compared to analyst estimates of $243.01 million. CBIZ had a return on equity of 10.89% and a net margin of 7.18%. CBIZ’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. On average, equities analysts forecast that CBIZ, Inc. will post 1.22 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 2nd.

CBIZ Profile

CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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