Deutsche Bank AG Has $12.30 Million Stake in CBIZ, Inc. (NYSE:CBZ)

Deutsche Bank AG raised its position in CBIZ, Inc. (NYSE:CBZ) by 10.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 150,263 shares of the business services provider’s stock after purchasing an additional 14,626 shares during the period. Deutsche Bank AG owned 0.30% of CBIZ worth $12,296,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBZ. Barclays PLC lifted its position in shares of CBIZ by 362.1% in the 3rd quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock worth $5,298,000 after purchasing an additional 61,679 shares during the period. Argent Capital Management LLC lifted its position in shares of CBIZ by 13.3% in the 4th quarter. Argent Capital Management LLC now owns 86,079 shares of the business services provider’s stock worth $7,044,000 after purchasing an additional 10,098 shares during the period. Artemis Investment Management LLP lifted its position in shares of CBIZ by 18.5% in the 4th quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider’s stock worth $32,234,000 after purchasing an additional 61,376 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock worth $182,000 after purchasing an additional 529 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of CBIZ by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

CBZ has been the subject of several research analyst reports. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Friday, April 25th.

CBIZ Stock Performance

NYSE:CBZ opened at $72.94 on Friday. The company has a fifty day moving average of $73.06 and a 200-day moving average of $78.32. The firm has a market capitalization of $3.97 billion, a P/E ratio of 30.91 and a beta of 0.91. 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, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $860.25 million. During the same quarter in the previous year, the business posted $1.54 EPS. CBIZ’s quarterly revenue was up 69.5% on a year-over-year basis. As a group, sell-side analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Insider Activity at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now directly owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.95% of the stock is owned by company insiders.

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.