CBIZ, Inc. (CBZ) Holdings Raised by Ramsey Quantitative Systems
Ramsey Quantitative Systems raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 38.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,850 shares of the business services provider’s stock after acquiring an additional 2,467 shares during the quarter. Ramsey Quantitative Systems’ holdings in CBIZ were worth $210,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC increased its position in shares of CBIZ by 49.4% in the second quarter. FMR LLC now owns 6,756,052 shares of the business services provider’s stock valued at $155,389,000 after buying an additional 2,234,269 shares in the last quarter. BlackRock Inc. increased its position in shares of CBIZ by 11.0% in the second quarter. BlackRock Inc. now owns 3,701,179 shares of the business services provider’s stock valued at $85,129,000 after buying an additional 366,511 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CBIZ by 20.3% in the second quarter. Renaissance Technologies LLC now owns 1,007,126 shares of the business services provider’s stock valued at $23,164,000 after buying an additional 170,200 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of CBIZ in the second quarter valued at $3,013,000. Finally, Millennium Management LLC increased its position in shares of CBIZ by 91.4% in the first quarter. Millennium Management LLC now owns 232,884 shares of the business services provider’s stock valued at $4,250,000 after buying an additional 111,215 shares in the last quarter. 86.88% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on CBZ. Zacks Investment Research upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. William Blair began coverage on CBIZ in a research report on Monday, September 17th. They issued an “outperform” rating for the company.
CBIZ stock opened at $22.36 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of 20.85 and a beta of 0.61. CBIZ, Inc. has a 52 week low of $14.35 and a 52 week high of $24.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.46 and a quick ratio of 1.46.
CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $223.86 million. CBIZ had a return on equity of 10.99% and a net margin of 7.04%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. As a group, sell-side analysts forecast that CBIZ, Inc. will post 1.08 earnings per share for the current year.
CBIZ Company Profile
CBIZ, Inc, through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting and tax compliance and consulting, litigation support, federal and state governmental healthcare compliance, valuation services, real estate consulting, and internal audit outsourcing services.
Receive News & Ratings for CBIZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ and related companies with MarketBeat.com's FREE daily email newsletter.