Blair William & Co. IL Has $10.22 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Blair William & Co. IL lifted its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 102.7% during the 1st quarter, HoldingsChannel reports. The firm owned 130,191 shares of the business services provider’s stock after acquiring an additional 65,968 shares during the period. Blair William & Co. IL’s holdings in CBIZ were worth $10,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its position in CBIZ by 23.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,848 shares of the business services provider’s stock valued at $1,323,000 after acquiring an additional 3,160 shares during the period. ProShare Advisors LLC lifted its stake in shares of CBIZ by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 8,617 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 678 shares during the period. Russell Investments Group Ltd. lifted its stake in CBIZ by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 71,167 shares of the business services provider’s stock valued at $5,587,000 after buying an additional 2,380 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of CBIZ during the 1st quarter worth approximately $440,000. Finally, Empowered Funds LLC grew its holdings in CBIZ by 11.1% in the first quarter. Empowered Funds LLC now owns 13,527 shares of the business services provider’s stock worth $1,062,000 after purchasing an additional 1,349 shares during the period. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday.

CBIZ Stock Performance

Shares of CBZ stock traded down $0.11 on Friday, hitting $84.23. 153,479 shares of the stock were exchanged, compared to its average volume of 296,585. CBIZ, Inc. has a one year low of $49.15 and a one year high of $85.78. The firm’s 50 day moving average is $76.35 and its two-hundred day moving average is $72.98. The firm has a market capitalization of $4.22 billion, a PE ratio of 34.11 and a beta of 0.93. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

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

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.