Mayflower Financial Advisors LLC Trims Holdings in CBIZ, Inc. (NYSE:CBZ)

Mayflower Financial Advisors LLC reduced its stake in CBIZ, Inc. (NYSE:CBZ) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,863 shares of the business services provider’s stock after selling 250 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in CBIZ were worth $480,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC grew its position in CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after acquiring an additional 344 shares during the period. Quarry LP lifted its stake in shares of CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 1,077 shares during the last quarter. KBC Group NV grew its holdings in shares of CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after purchasing an additional 356 shares during the period. US Bancorp DE increased its position in shares of CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after purchasing an additional 249 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock valued at $182,000 after buying an additional 529 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

CBIZ Stock Down 0.8 %

Shares of NYSE CBZ opened at $84.99 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $82.05 and its two-hundred day moving average is $75.21. CBIZ, Inc. has a 52-week low of $62.65 and a 52-week high of $86.55. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 36.01 and a beta of 0.95.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm had revenue of $438.90 million for the quarter, compared to the consensus estimate of $440.16 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

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.