Brandywine Global Investment Management LLC Has $543,000 Stake in CBIZ, Inc. (CBZ)
Brandywine Global Investment Management LLC lessened its position in CBIZ, Inc. (NYSE:CBZ) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,157 shares of the business services provider’s stock after selling 813 shares during the period. Brandywine Global Investment Management LLC owned about 0.07% of CBIZ worth $543,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of CBIZ by 147.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,637 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 5,735 shares during the period. Two Sigma Securities LLC bought a new position in shares of CBIZ in the 1st quarter valued at about $141,000. Gotham Asset Management LLC bought a new position in shares of CBIZ in the 1st quarter valued at about $151,000. Ameriprise Financial Inc. grew its position in shares of CBIZ by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 350 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of CBIZ in the 1st quarter valued at about $215,000. 85.55% of the stock is owned by institutional investors.
CBIZ, Inc. (CBZ) opened at 16.70 on Tuesday. The company has a market cap of $907.26 million, a P/E ratio of 19.76 and a beta of 0.90. The stock has a 50 day moving average of $15.46 and a 200-day moving average of $15.03. CBIZ, Inc. has a 12 month low of $10.73 and a 12 month high of $16.80.
CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.20 earnings per share (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 firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $207.42 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts expect that CBIZ, Inc. will post $0.87 EPS for the current year.
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In other news, insider Chris Spurio sold 16,250 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $15.18, for a total value of $246,675.00. Following the sale, the insider now directly owns 191,293 shares of the company’s stock, valued at $2,903,827.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ware H. Grove sold 25,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $15.06, for a total transaction of $376,500.00. Following the completion of the sale, the insider now directly owns 282,172 shares in the company, valued at $4,249,510.32. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of CBIZ from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Zacks Investment Research downgraded shares of CBIZ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
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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