Schneider Downs Wealth Management Advisors LP Has $1.78 Million Stake in CBIZ, Inc. (NYSE:CBZ)

Schneider Downs Wealth Management Advisors LP cut its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,998 shares of the business services provider’s stock after selling 335 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in CBIZ were worth $1,778,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Quest Partners LLC boosted its holdings in shares of CBIZ by 2,980.0% during the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after acquiring an additional 447 shares during the period. Summit Creek Advisors LLC lifted its position in CBIZ by 103.3% during the second quarter. Summit Creek Advisors LLC now owns 216,768 shares of the business services provider’s stock worth $16,063,000 after purchasing an additional 110,153 shares during the period. Arizona State Retirement System grew its stake in CBIZ by 2.2% during the second quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider’s stock worth $934,000 after buying an additional 275 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in CBIZ by 3.9% in the 2nd quarter. Chase Investment Counsel Corp now owns 33,103 shares of the business services provider’s stock valued at $2,297,000 after buying an additional 1,236 shares during the period. Finally, Fiera Capital Corp raised its position in shares of CBIZ by 6.8% in the 2nd quarter. Fiera Capital Corp now owns 174,880 shares of the business services provider’s stock valued at $12,959,000 after buying an additional 11,205 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CBZ. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and raised their price objective for the company from $80.00 to $86.00 in a research note on Monday, August 12th. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

CBIZ Stock Performance

NYSE CBZ opened at $64.51 on Wednesday. CBIZ, Inc. has a twelve month low of $49.15 and a twelve month high of $86.36. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 26.12 and a beta of 0.92. The stock has a fifty day simple moving average of $74.19 and a 200 day simple moving average of $75.23.

CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). The business had revenue of $420.00 million during the quarter, compared to the consensus estimate of $430.38 million. CBIZ had a return on equity of 14.58% and a net margin of 7.12%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Sell-side analysts expect that CBIZ, Inc. will post 2.64 EPS for the current year.

CBIZ Company 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.