CBIZ, Inc. (NYSE:CBZ) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in shares of CBIZ, Inc. (NYSE:CBZ) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,556 shares of the business services provider’s stock after acquiring an additional 5,257 shares during the quarter. Retirement Systems of Alabama owned approximately 0.16% of CBIZ worth $4,854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CBZ. Vanguard Group Inc. raised its stake in CBIZ by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,667,189 shares of the business services provider’s stock valued at $138,427,000 after purchasing an additional 31,477 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of CBIZ by 8.2% in the third quarter. Burgundy Asset Management Ltd. now owns 2,039,382 shares of the business services provider’s stock valued at $105,844,000 after buying an additional 154,498 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its stake in shares of CBIZ by 2.8% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 721,155 shares of the business services provider’s stock worth $37,428,000 after buying an additional 19,655 shares in the last quarter. Premier Fund Managers Ltd boosted its position in CBIZ by 596.0% during the third quarter. Premier Fund Managers Ltd now owns 615,942 shares of the business services provider’s stock worth $32,442,000 after acquiring an additional 527,448 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in CBIZ by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,356 shares of the business services provider’s stock valued at $25,709,000 after acquiring an additional 11,634 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Friday, April 26th.

CBIZ Stock Up 0.8 %

Shares of NYSE:CBZ opened at $73.10 on Monday. CBIZ, Inc. has a 52-week low of $49.13 and a 52-week high of $79.55. The stock has a market cap of $3.66 billion, a P/E ratio of 29.60 and a beta of 0.87. The business has a fifty day moving average of $75.61 and a two-hundred day moving average of $66.01. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). CBIZ had a net margin of 7.65% and a return on equity of 15.43%. The firm had revenue of $494.30 million for the quarter, compared to analyst estimates of $490.88 million. During the same period in the previous year, the firm posted $1.46 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that CBIZ, Inc. will post 2.74 earnings per share for the current 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.