SG Capital Management LLC Takes $20.54 Million Position in CBIZ, Inc. (NYSE:CBZ)

SG Capital Management LLC acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 251,044 shares of the business services provider’s stock, valued at approximately $20,543,000. CBIZ makes up about 2.0% of SG Capital Management LLC’s holdings, making the stock its 15th largest position. SG Capital Management LLC owned about 0.50% of CBIZ as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CBZ. Royal Bank of Canada lifted its position in shares of CBIZ by 7.4% during the 4th quarter. Royal Bank of Canada now owns 207,806 shares of the business services provider’s stock valued at $17,004,000 after acquiring an additional 14,310 shares during the period. ProShare Advisors LLC raised its holdings in CBIZ by 49.2% during the fourth quarter. ProShare Advisors LLC now owns 13,497 shares of the business services provider’s stock worth $1,104,000 after purchasing an additional 4,448 shares during the last quarter. Man Group plc purchased a new stake in CBIZ during the fourth quarter worth $968,000. Nuveen Asset Management LLC grew its holdings in CBIZ by 85.6% in the fourth quarter. Nuveen Asset Management LLC now owns 244,080 shares of the business services provider’s stock valued at $19,973,000 after purchasing an additional 112,569 shares during the last quarter. Finally, Numerai GP LLC purchased a new position in shares of CBIZ in the fourth quarter valued at $1,001,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CBZ shares. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a report on Friday, April 25th.

CBIZ Stock Performance

CBIZ stock opened at $72.94 on Friday. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 30.91 and a beta of 0.91. The stock has a fifty day moving average of $73.06 and a two-hundred day moving average of $78.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.18. The firm had revenue of $838.01 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $1.54 EPS. On average, analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Buying and Selling

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.95% of the stock is owned by company insiders.

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.