Oakmont Investment Advisors Inc. Buys New Holdings in CBIZ, Inc. $CBZ

Oakmont Investment Advisors Inc. purchased a new stake in CBIZ, Inc. (NYSE:CBZ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,080 shares of the business services provider’s stock, valued at approximately $606,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in CBIZ during the second quarter worth approximately $27,000. North Point Portfolio Managers Corp OH acquired a new position in CBIZ during the third quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new position in CBIZ during the second quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in CBIZ by 667.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock valued at $41,000 after buying an additional 1,315 shares in the last quarter. Finally, Montgomery Financial Services LLC purchased a new stake in CBIZ in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Down 0.1%

Shares of NYSE CBZ opened at $54.84 on Thursday. The company has a 50 day simple moving average of $54.70 and a 200-day simple moving average of $42.47. The company has a market capitalization of $2.98 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.47. CBIZ, Inc. has a 1 year low of $24.29 and a 1 year high of $56.41.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Monday, October 19th. The business services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.07). CBIZ had a net margin of 5.33% and a return on equity of 12.85%. The firm had revenue of $702.24 million for the quarter, compared to analysts’ expectations of $727.08 million. During the same period in the previous year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that CBIZ, Inc. will post 4.17 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CBZ. US Capital Advisors set a $55.00 target price on CBIZ in a research note on Thursday, July 30th. William Blair lowered CBIZ from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 23rd. CJS Securities cut shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research report on Thursday, July 30th. Barrington Research lowered shares of CBIZ from an “outperform” rating to a “hold” rating in a report on Wednesday, September 16th. Finally, Weiss Ratings raised shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, CBIZ currently has an average rating of “Hold” and an average target price of $44.50.

About CBIZ

CBIZ, Inc is a professional services company that provides accounting, tax, advisory and business consulting services to businesses, individuals and nonprofit organizations. Its offerings include financial reporting, tax planning and compliance, valuation, transaction support, internal audit and risk-management consulting.

The company has also provided employee and insurance services, including employee benefits consulting, payroll and human resources support, property and casualty insurance brokerage, retirement plan services and risk-management solutions.