Ameritas Investment Partners Inc. Lowers Stock Position in CBIZ, Inc. (NYSE:CBZ)

Ameritas Investment Partners Inc. cut its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,783 shares of the business services provider’s stock after selling 182 shares during the period. Ameritas Investment Partners Inc.’s holdings in CBIZ were worth $375,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in CBIZ by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,667,189 shares of the business services provider’s stock worth $138,427,000 after purchasing an additional 31,477 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CBIZ in the 4th quarter valued at about $384,000. Assenagon Asset Management S.A. raised its stake in shares of CBIZ by 167.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,543 shares of the business services provider’s stock valued at $5,855,000 after purchasing an additional 58,549 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CBIZ by 6.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,229 shares of the business services provider’s stock valued at $1,454,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of CBIZ in the 4th quarter valued at about $238,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Price Performance

CBZ opened at $83.20 on Thursday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 33.68 and a beta of 0.93. CBIZ, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $86.04. The company’s 50-day moving average price is $76.94 and its 200 day moving average price is $73.70. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50.

CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, April 25th. The business services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). CBIZ had a return on equity of 15.43% and a net margin of 7.65%. The firm had revenue of $494.30 million during the quarter, compared to the consensus estimate of $490.88 million. During the same quarter last year, the company posted $1.46 EPS. CBIZ’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts expect that CBIZ, Inc. will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th.

About CBIZ

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.