California Public Employees Retirement System reduced its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,800 shares of the business services provider’s stock after selling 3,400 shares during the period. California Public Employees Retirement System’s holdings in CBIZ were worth $1,041,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CBZ. American International Group Inc. boosted its stake in CBIZ by 7.1% in the first quarter. American International Group Inc. now owns 30,401 shares of the business services provider’s stock valued at $412,000 after buying an additional 2,013 shares during the last quarter. Prudential Financial Inc. boosted its stake in CBIZ by 348.2% in the first quarter. Prudential Financial Inc. now owns 55,992 shares of the business services provider’s stock valued at $759,000 after buying an additional 43,500 shares during the last quarter. Nordea Investment Management AB boosted its stake in CBIZ by 210.7% in the first quarter. Nordea Investment Management AB now owns 301,400 shares of the business services provider’s stock valued at $4,084,000 after buying an additional 204,400 shares during the last quarter. Martingale Asset Management L P boosted its stake in CBIZ by 1.9% in the first quarter. Martingale Asset Management L P now owns 176,234 shares of the business services provider’s stock valued at $2,388,000 after buying an additional 3,300 shares during the last quarter. Finally, Oxford Asset Management boosted its stake in CBIZ by 120.2% in the first quarter. Oxford Asset Management now owns 84,095 shares of the business services provider’s stock valued at $1,139,000 after buying an additional 45,907 shares during the last quarter. Institutional investors and hedge funds own 84.77% of the company’s stock.

CBIZ, Inc. (NYSE:CBZ) traded up 0.35% during midday trading on Friday, reaching $14.50. The company’s stock had a trading volume of 296,224 shares. The firm has a 50 day moving average of $14.99 and a 200 day moving average of $14.46. The firm has a market cap of $787.74 million, a P/E ratio of 17.16 and a beta of 0.91. CBIZ, Inc. has a 52-week low of $10.73 and a 52-week high of $15.90.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. The firm had revenue of $211 million during the quarter, compared to analysts’ expectations of $207.42 million. During the same quarter last year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts anticipate that CBIZ, Inc. will post $0.87 earnings per share for the current fiscal year.

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CBZ has been the topic of several research reports. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Friday, April 28th. ValuEngine upgraded CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

In other CBIZ news, insider Ware H. Grove sold 22,927 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $15.25, for a total value of $349,636.75. Following the completion of the sale, the insider now owns 262,673 shares of the company’s stock, valued at $4,005,763.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael W. Gleespen sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $15.01, for a total value of $120,080.00. Following the completion of the sale, the insider now directly owns 101,712 shares of the company’s stock, valued at approximately $1,526,697.12. The disclosure for this sale can be found here. Insiders sold 77,927 shares of company stock valued at $1,182,297 in the last three months. Insiders own 7.20% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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