ClariVest Asset Management LLC boosted its stake in CBIZ, Inc. (NYSE:CBZ) by 80.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 589,575 shares of the business services provider’s stock after buying an additional 263,312 shares during the period. ClariVest Asset Management LLC’s holdings in CBIZ were worth $8,844,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Securities LLC purchased a new position in CBIZ during the first quarter valued at $141,000. Gotham Asset Management LLC purchased a new position in CBIZ during the first quarter valued at $151,000. Ameriprise Financial Inc. boosted its position in CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after buying an additional 350 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CBIZ during the first quarter valued at $215,000. Finally, Karp Capital Management Corp purchased a new position in CBIZ during the first quarter valued at $289,000. 84.77% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ, Inc. (CBZ) opened at 14.50 on Friday. CBIZ, Inc. has a 12 month low of $10.73 and a 12 month high of $15.90. The stock has a market capitalization of $787.74 million, a price-to-earnings ratio of 17.16 and a beta of 0.91. The company has a 50-day moving average of $14.99 and a 200 day moving average of $14.46.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. The business had revenue of $211 million during the quarter, compared to analysts’ expectations of $207.42 million. During the same period last year, the company posted $0.16 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, equities research 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 analyst reports. Zacks Investment Research raised shares of CBIZ from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, April 28th. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

In related news, insider Ware H. Grove sold 22,927 shares of CBIZ stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $15.25, for a total transaction of $349,636.75. Following the completion of the transaction, the insider now directly owns 262,673 shares of the company’s stock, valued at approximately $4,005,763.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ware H. Grove sold 25,000 shares of CBIZ stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $15.10, for a total transaction of $377,500.00. Following the transaction, the insider now directly owns 258,272 shares of the company’s stock, valued at $3,899,907.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,927 shares of company stock valued at $1,182,297. 7.20% of the stock is owned by corporate insiders.

About CBIZ

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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