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

Chatham Capital Group Inc. lifted its stake in CBIZ, Inc. (NYSE:CBZ) by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 53,292 shares of the business services provider’s stock after acquiring an additional 2,305 shares during the quarter. Chatham Capital Group Inc. owned 0.10% of CBIZ worth $4,043,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CBZ. McIlrath & Eck LLC lifted its stake in CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after purchasing an additional 367 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 in the last quarter. VisionPoint Advisory Group LLC acquired a new position in CBIZ in the 4th quarter valued at about $60,000. Venturi Wealth Management LLC purchased a new stake in CBIZ during the fourth quarter worth about $110,000. Finally, KBC Group NV lifted its position in shares of CBIZ by 30.1% during the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock worth $165,000 after purchasing an additional 468 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research report on Friday, April 25th.

CBIZ Stock Up 0.6%

CBZ opened at $72.44 on Thursday. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The business has a 50 day moving average price of $73.23 and a two-hundred day moving average price of $78.14. 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 company has a market cap of $3.94 billion, a PE ratio of 30.70 and a beta of 0.91.

CBIZ (NYSE:CBZ) last released its quarterly 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 return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $838.01 million during the quarter, compared to analysts’ expectations of $860.25 million. During the same quarter in the prior year, the business earned $1.54 earnings per share. The company’s quarterly revenue was up 69.5% compared to the same quarter last year. As a group, research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

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.