Millington Financial Advisors LLC Has $2.44 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Millington Financial Advisors LLC raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 2.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 31,334 shares of the business services provider’s stock after purchasing an additional 805 shares during the quarter. CBIZ accounts for about 1.5% of Millington Financial Advisors LLC’s holdings, making the stock its 20th biggest position. Millington Financial Advisors LLC’s holdings in CBIZ were worth $2,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. McIlrath & Eck LLC boosted its holdings in shares of CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after buying an additional 367 shares during the period. Smartleaf Asset Management LLC raised its holdings in CBIZ by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 276 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in CBIZ during the fourth quarter worth approximately $60,000. Venturi Wealth Management LLC bought a new stake in shares of CBIZ during the fourth quarter worth approximately $110,000. Finally, Huntington National Bank boosted 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 acquiring an additional 191 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CBZ shares. Wall Street Zen lowered 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 report on Friday, April 25th.

CBIZ Price Performance

NYSE:CBZ opened at $74.10 on Monday. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50-day simple moving average is $73.13 and its 200 day simple moving average is $78.09. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 31.40 and a beta of 0.93.

CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping 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 company had revenue of $838.01 million for the quarter, compared to analysts’ expectations of $860.25 million. During the same period last year, the firm earned $1.54 earnings per share. The business’s revenue for the quarter was up 69.5% on a year-over-year basis. As a group, sell-side analysts predict 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.