CBIZ, Inc. (NYSE:CBZ) Shares Bought by Millington Financial Advisors LLC

Millington Financial Advisors LLC grew its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,334 shares of the business services provider’s stock after buying an additional 805 shares during the quarter. CBIZ comprises 1.5% of Millington Financial Advisors LLC’s holdings, making the stock its 20th biggest position. Millington Financial Advisors LLC owned about 0.06% of CBIZ worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC increased its position in shares of CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after acquiring an additional 367 shares in the last quarter. 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 worth $53,000 after acquiring an additional 276 shares during the period. VisionPoint Advisory Group LLC acquired a new position in shares of CBIZ during the fourth quarter worth approximately $60,000. Venturi Wealth Management LLC bought a new stake in shares of CBIZ in the fourth quarter valued at about $110,000. Finally, Huntington National Bank boosted its stake in 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. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

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

CBIZ Price Performance

Shares of NYSE CBZ opened at $74.10 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50-day moving average of $73.13 and a 200-day moving average of $78.09. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 31.40 and a beta of 0.93. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share 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 business’s revenue was up 69.5% compared to the same quarter last year. During the same period last year, the company earned $1.54 earnings per share. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

CBIZ Company 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.