Wealth Enhancement Advisory Services LLC Buys 21,728 Shares of CBIZ, Inc. (NYSE:CBZ)

Wealth Enhancement Advisory Services LLC increased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 130.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,340 shares of the business services provider’s stock after purchasing an additional 21,728 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in CBIZ were worth $2,908,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC boosted its stake in CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 367 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in CBIZ by 75.0% in the fourth 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 during the last quarter. Huntington National Bank boosted its stake in CBIZ by 9.4% in the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 191 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new position in CBIZ in the fourth quarter valued at approximately $204,000. Finally, Welch & Forbes LLC bought a new position in CBIZ in the fourth quarter valued at approximately $217,000. 87.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Friday, April 25th.

CBIZ Price Performance

Shares of CBZ stock opened at $71.17 on Friday. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The stock has a market cap of $3.87 billion, a PE ratio of 48.41 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50 day moving average price is $71.42 and its two-hundred day moving average price is $76.94.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.18. The firm had revenue of $838.01 million for the quarter, compared to analysts’ expectations of $860.25 million. CBIZ had a net margin of 4.03% and a return on equity of 14.83%. The business’s revenue for the quarter was up 69.5% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share. As a group, analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current year.

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.