DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 34,617 Shares of CBIZ, Inc. (NYSE:CBZ)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in CBIZ, Inc. (NYSE:CBZ) by 62.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,152 shares of the business services provider’s stock after selling 34,617 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in CBIZ were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CBZ. Royce & Associates LP raised its stake in CBIZ by 7.0% during the fourth quarter. Royce & Associates LP now owns 208,919 shares of the business services provider’s stock worth $17,096,000 after acquiring an additional 13,738 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CBIZ by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock worth $43,851,000 after purchasing an additional 10,550 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CBIZ by 13.1% during the 4th quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider’s stock worth $2,580,000 after purchasing an additional 3,663 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in CBIZ by 11.3% during the 4th quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider’s stock valued at $6,721,000 after purchasing an additional 8,365 shares during the last quarter. Finally, Bridge City Capital LLC boosted its position in CBIZ by 8.3% in the fourth quarter. Bridge City Capital LLC now owns 84,479 shares of the business services provider’s stock valued at $6,913,000 after buying an additional 6,451 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Down 0.2 %

Shares of NYSE:CBZ opened at $72.42 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market cap of $3.94 billion, a P/E ratio of 30.69 and a beta of 0.91. CBIZ, Inc. has a 12 month low of $62.66 and a 12 month high of $90.13. The company’s 50-day moving average price is $72.94 and its two-hundred day moving average price is $78.22.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating the consensus estimate of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business had revenue of $838.01 million for the quarter, compared to analysts’ expectations of $860.25 million. During the same period in the prior year, the firm earned $1.54 earnings per share. CBIZ’s revenue was up 69.5% compared to the same quarter last year. As a group, research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Activity

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the sale, the director now directly owns 41,759 shares of the company’s stock, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a report on Friday, April 25th. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

About CBIZ

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.