CBIZ, Inc. (NYSE:CBZ) Position Raised by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in CBIZ, Inc. (NYSE:CBZ) by 10.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,194 shares of the business services provider’s stock after purchasing an additional 8,032 shares during the period. Retirement Systems of Alabama’s holdings in CBIZ were worth $5,800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its stake in shares of CBIZ by 2,980.0% in 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 in the last quarter. Signaturefd LLC raised its position in 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 acquiring an additional 344 shares in the last quarter. Quarry LP lifted its holdings in CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 1,077 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of CBIZ during the 2nd quarter valued at about $82,000. Finally, KBC Group NV grew its stake in shares of CBIZ by 29.7% in 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 owned by institutional investors.

CBIZ Trading Down 2.8 %

Shares of NYSE CBZ opened at $79.39 on Thursday. The business has a fifty day simple moving average of $75.14 and a 200-day simple moving average of $73.55. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 33.64 and a beta of 0.95. CBIZ, Inc. has a 12 month low of $60.59 and a 12 month high of $86.36. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. Sell-side analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a research note on Thursday.

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.