Compass Ion Advisors LLC Trims Holdings in CBIZ, Inc. (NYSE:CBZ)

Compass Ion Advisors LLC decreased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 15.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,297 shares of the business services provider’s stock after selling 600 shares during the quarter. Compass Ion Advisors LLC’s holdings in CBIZ were worth $206,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in CBIZ by 853.9% during the fourth quarter. Morgan Stanley now owns 3,871,416 shares of the business services provider’s stock worth $181,376,000 after acquiring an additional 3,465,585 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CBIZ by 317.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,237,443 shares of the business services provider’s stock worth $51,935,000 after purchasing an additional 941,076 shares in the last quarter. Premier Fund Managers Ltd grew its stake in CBIZ by 596.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 615,942 shares of the business services provider’s stock worth $32,442,000 after purchasing an additional 527,448 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in CBIZ by 1,456.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 542,015 shares of the business services provider’s stock worth $21,659,000 after purchasing an additional 507,190 shares in the last quarter. Finally, Norges Bank acquired a new position in CBIZ during the 4th quarter worth $23,490,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of CBIZ stock traded up $0.47 on Friday, hitting $76.07. The stock had a trading volume of 23,041 shares, compared to its average volume of 309,653. CBIZ, Inc. has a 52-week low of $48.37 and a 52-week high of $79.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 31.76 and a beta of 0.83. The company’s 50 day moving average price is $72.64 and its 200 day moving average price is $62.70.

CBIZ (NYSE:CBZ) last released its earnings results on Thursday, February 15th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.01. CBIZ had a return on equity of 15.49% and a net margin of 7.60%. The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $308.87 million. During the same quarter in the previous year, the firm posted ($0.21) EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts anticipate that CBIZ, Inc. will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Sidoti cut CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a research note on Tuesday, January 2nd.

CBIZ Profile

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.