CBIZ, Inc. (NYSE:CBZ) Shares Bought by Chatham Capital Group Inc.

Chatham Capital Group Inc. increased its position in CBIZ, Inc. (NYSE:CBZ) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,292 shares of the business services provider’s stock after acquiring an additional 2,305 shares during the period. Chatham Capital Group Inc.’s holdings in CBIZ were worth $4,043,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its position in shares of CBIZ by 1.0% during the 4th quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 125 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of CBIZ by 1.4% during the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock valued at $778,000 after acquiring an additional 128 shares during the last quarter. Kensington Investment Counsel LLC increased its position in CBIZ by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock worth $1,654,000 after purchasing an additional 132 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of CBIZ by 7.2% during 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 last quarter. Finally, Huntington National Bank grew its holdings in shares of CBIZ by 9.4% during the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock worth $182,000 after buying an additional 191 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CBZ shares. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Friday, April 25th. Wall Street Zen downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

CBIZ Stock Up 0.6%

Shares of CBZ opened at $72.44 on Thursday. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company’s fifty day moving average is $73.23 and its two-hundred day moving average is $78.14. The firm has a market cap of $3.94 billion, a PE ratio of 30.70 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 (NYSE:CBZ) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.18. The firm had revenue of $838.01 million during the quarter, compared to the consensus estimate of $860.25 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm’s quarterly revenue was up 69.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. Analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

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.