PDT Partners LLC decreased its position in CBIZ, Inc. (NYSE:CBZ) by 27.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,900 shares of the business services provider’s stock after selling 8,100 shares during the quarter. PDT Partners LLC’s holdings in CBIZ were worth $314,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of CBIZ by 147.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,637 shares of the business services provider’s stock worth $145,000 after acquiring an additional 5,735 shares in the last quarter. Two Sigma Securities LLC acquired a new position in CBIZ during the 1st quarter valued at approximately $141,000. Gotham Asset Management LLC acquired a new position in CBIZ during the 1st quarter valued at approximately $151,000. Ameriprise Financial Inc. boosted its position in CBIZ by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 350 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in CBIZ during the 1st quarter valued at approximately $215,000. Institutional investors own 85.55% of the company’s stock.
A number of research analysts recently issued reports on CBZ shares. Zacks Investment Research lowered CBIZ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded CBIZ from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.
In related news, insider Chris Spurio sold 16,250 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $15.18, for a total value of $246,675.00. Following the sale, the insider now owns 191,293 shares in the company, valued at approximately $2,903,827.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ware H. Grove sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $15.06, for a total transaction of $376,500.00. Following the completion of the sale, the insider now owns 282,172 shares in the company, valued at approximately $4,249,510.32. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.
Shares of CBIZ, Inc. (CBZ) opened at 16.80 on Wednesday. The stock has a 50 day moving average price of $15.72 and a 200-day moving average price of $15.12. CBIZ, Inc. has a 1-year low of $10.73 and a 1-year high of $17.00. The company has a market cap of $912.69 million, a P/E ratio of 19.88 and a beta of 0.90.
CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. The firm had revenue of $211.00 million for the quarter, compared to analyst estimates of $207.42 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts predict that CBIZ, Inc. will post $0.87 earnings per share for the current fiscal year.
CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
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