Thompson Siegel & Walmsley LLC Has $2.96 Million Position in CBIZ, Inc. (NYSE:CBZ)

Thompson Siegel & Walmsley LLC trimmed its position in shares of CBIZ, Inc. (NYSE:CBZ) by 23.8% during the third quarter, HoldingsChannel.com reports. The firm owned 43,912 shares of the business services provider’s stock after selling 13,700 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in CBIZ were worth $2,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CBZ. Quest Partners LLC boosted its position in CBIZ by 2,980.0% during the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after buying an additional 447 shares during the period. Covestor Ltd raised its stake in shares of CBIZ by 45.5% during the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. Signaturefd LLC grew its stake in shares of CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after purchasing an additional 344 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in CBIZ in the second quarter valued at $82,000. Finally, KBC Group NV raised its position in CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after purchasing an additional 356 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Trading Up 1.7 %

Shares of CBZ stock opened at $80.79 on Friday. CBIZ, Inc. has a fifty-two week low of $57.01 and a fifty-two week high of $86.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day simple moving average of $69.74 and a two-hundred day simple moving average of $73.07. The company has a market cap of $4.05 billion, a P/E ratio of 34.23 and a beta of 0.91.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The company 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%. CBIZ’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. Research analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CBZ. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Wednesday. Sidoti upgraded shares of CBIZ from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ 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.