Cygnus Capital Advisors LLC Buys New Position in CBIZ, Inc. $CBZ

Cygnus Capital Advisors LLC bought a new position in shares of CBIZ, Inc. (NYSE:CBZ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 163,214 shares of the business services provider’s stock, valued at approximately $5,236,000. CBIZ accounts for about 3.5% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds have also added to or reduced their stakes in CBZ. Quantinno Capital Management LP boosted its holdings in shares of CBIZ by 543.8% during the 1st quarter. Quantinno Capital Management LP now owns 175,005 shares of the business services provider’s stock worth $4,699,000 after buying an additional 147,820 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of CBIZ by 17.8% in the 1st quarter. Bank of New York Mellon Corp now owns 166,787 shares of the business services provider’s stock valued at $4,478,000 after acquiring an additional 25,214 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of CBIZ in the 2nd quarter valued at $1,142,000. Edgestream Partners L.P. acquired a new position in shares of CBIZ during the 1st quarter valued at $3,611,000. Finally, Corient Private Wealth LP acquired a new position in shares of CBIZ during the 2nd quarter valued at $5,385,000. 87.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CBZ shares. US Capital Advisors set a $55.00 price target on shares of CBIZ in a report on Thursday, July 30th. CJS Securities lowered shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Thursday, July 30th. Weiss Ratings raised shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Barrington Research began coverage on CBIZ in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 target price for the company. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, CBIZ has a consensus rating of “Hold” and an average price target of $44.50.

CBIZ Trading Up 0.0%

NYSE CBZ opened at $54.86 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. CBIZ, Inc. has a 52 week low of $24.29 and a 52 week high of $60.19. The business has a 50 day moving average price of $48.23 and a 200-day moving average price of $36.34. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.15 and a beta of 0.92.

CBIZ (NYSE:CBZ) last issued its earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. CBIZ had a return on equity of 12.33% and a net margin of 4.73%.The company had revenue of $682.21 million for the quarter, compared to analysts’ expectations of $697.96 million. During the same period last year, the business earned $0.95 EPS. CBIZ’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts expect that CBIZ, Inc. will post 4.1 earnings per share for the current fiscal year.

CBIZ Company Profile

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.