Dalton Greiner Hartman Maher & Co. increased its holdings in CBIZ, Inc. (NYSE:CBZ) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,637 shares of the business services provider’s stock after buying an additional 22,730 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.50% of CBIZ worth $6,383,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in CBIZ in the 2nd quarter worth approximately $37,000. US Bancorp DE purchased a new position in CBIZ in the second quarter worth about $47,000. Point72 Hong Kong Ltd raised its holdings in CBIZ by 4,600.0% in the second quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the business services provider’s stock worth $52,000 after buying an additional 2,576 shares during the last quarter. SG Americas Securities LLC raised its holdings in CBIZ by 21.2% in the second quarter. SG Americas Securities LLC now owns 8,439 shares of the business services provider’s stock worth $165,000 after buying an additional 1,478 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in CBIZ in the second quarter worth about $244,000. Institutional investors own 87.08% of the company’s stock.
Shares of CBIZ stock opened at $23.36 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $1.27 billion, a PE ratio of 21.43 and a beta of 0.33. CBIZ, Inc. has a 52-week low of $18.64 and a 52-week high of $24.69. The company has a 50-day simple moving average of $23.27 and a two-hundred day simple moving average of $21.30.
CBIZ (NYSE:CBZ) last issued its earnings results on Wednesday, July 31st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. CBIZ had a net margin of 7.18% and a return on equity of 10.89%. The business had revenue of $235.50 million during the quarter, compared to analysts’ expectations of $243.01 million. During the same period in the previous year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that CBIZ, Inc. will post 1.22 EPS for the current fiscal year.
In related news, Director Steven L. Gerard sold 70,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $23.10, for a total transaction of $1,617,000.00. Following the completion of the transaction, the director now owns 264,782 shares in the company, valued at $6,116,464.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Benaree Pratt Wiley sold 1,600 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $23.15, for a total transaction of $37,040.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $185,200. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,600 shares of company stock valued at $2,235,040. Company insiders own 7.40% of the company’s stock.
CBZ has been the subject of several recent analyst reports. Zacks Investment Research cut shares of CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. ValuEngine cut shares of CBIZ from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.
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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