United Capital Financial Advisors LLC Makes New $491,000 Investment in CBIZ, Inc. $CBZ

United Capital Financial Advisors LLC bought a new stake in CBIZ, Inc. (NYSE:CBZ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,314 shares of the business services provider’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CBZ. AQR Capital Management LLC lifted its position in shares of CBIZ by 6.2% during the 1st quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock valued at $889,000 after acquiring an additional 682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CBIZ by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after acquiring an additional 1,318 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CBIZ by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock worth $10,868,000 after acquiring an additional 7,676 shares during the period. Jane Street Group LLC increased its stake in CBIZ by 96.1% in the 1st quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock valued at $3,128,000 after purchasing an additional 20,214 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in CBIZ by 80.4% in the 2nd quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 2,957 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on CBZ. US Capital Advisors set a $55.00 target price on CBIZ in a research report on Thursday, July 30th. CJS Securities cut CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research report on Thursday, July 30th. Barrington Research initiated coverage on CBIZ in a research note on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target for the company. Finally, Weiss Ratings upgraded shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.50.

CBIZ Trading Down 0.0%

Shares of CBIZ stock opened at $54.49 on Tuesday. 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 $64.90. The company has a market capitalization of $2.96 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.14 and a beta of 0.92. The business has a 50 day moving average price of $45.88 and a 200 day moving average price of $35.42.

CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. The firm had revenue of $682.21 million for the quarter, compared to analyst estimates of $697.96 million. CBIZ had a return on equity of 12.33% and a net margin of 4.73%.CBIZ’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Sell-side analysts anticipate that CBIZ, Inc. will post 4.1 EPS for the current fiscal year.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.