Janus Henderson Group PLC Buys 12,817 Shares of CBIZ, Inc. (NYSE:CBZ)

Janus Henderson Group PLC increased its stake in CBIZ, Inc. (NYSE:CBZ) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,781 shares of the business services provider’s stock after purchasing an additional 12,817 shares during the period. Janus Henderson Group PLC’s holdings in CBIZ were worth $8,084,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in CBIZ by 1.0% in the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock worth $1,073,000 after buying an additional 125 shares in the last quarter. Corient Private Wealth LLC boosted its stake in CBIZ by 1.4% in the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock worth $778,000 after buying an additional 128 shares in the last quarter. Kensington Investment Counsel LLC boosted its stake in CBIZ by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock worth $1,654,000 after buying an additional 132 shares in the last quarter. SG Americas Securities LLC boosted its stake in CBIZ by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after buying an additional 170 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of CBIZ by 9.4% during the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 191 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the sale, the director now owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Friday, April 25th. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

CBIZ Stock Performance

NYSE:CBZ opened at $74.12 on Friday. The firm has a market cap of $4.03 billion, a PE ratio of 31.41 and a beta of 0.91. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The business has a 50 day moving average price of $73.14 and a 200-day moving average price of $78.40.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.18. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company had revenue of $838.01 million during the quarter, compared to analyst estimates of $860.25 million. During the same quarter last year, the firm posted $1.54 earnings per share. The firm’s revenue was up 69.5% on a year-over-year basis. Equities research analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

CBIZ 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.