Aviva PLC Takes $17.16 Million Position in CBIZ, Inc. (NYSE:CBZ)

Aviva PLC acquired a new stake in shares of CBIZ, Inc. (NYSE:CBZ – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,693 shares of the business services provider’s stock, valued at approximately $17,161,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBZ. MetLife Investment Management LLC increased its holdings in shares of CBIZ by 60.8% during the first quarter. MetLife Investment Management LLC now owns 26,273 shares of the business services provider’s stock valued at $1,103,000 after acquiring an additional 9,933 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CBIZ by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,551,939 shares of the business services provider’s stock valued at $107,105,000 after acquiring an additional 23,498 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of CBIZ during the first quarter valued at approximately $1,203,000. Charles Schwab Investment Management Inc. increased its holdings in shares of CBIZ by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 495,903 shares of the business services provider’s stock valued at $20,814,000 after acquiring an additional 13,262 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of CBIZ by 20.4% during the first quarter. Invesco Ltd. now owns 157,836 shares of the business services provider’s stock valued at $6,624,000 after acquiring an additional 26,729 shares in the last quarter. Institutional investors own 88.74% of the company’s stock.

Insiders Place Their Bets

In other CBIZ news, insider Ware H. Grove sold 18,485 shares of the business’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $53.04, for a total value of $980,444.40. Following the transaction, the insider now owns 274,524 shares of the company’s stock, valued at $14,560,752.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Joseph S. Dimartino sold 10,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $49.82, for a total transaction of $498,200.00. Following the transaction, the director now owns 30,872 shares of the company’s stock, valued at approximately $1,538,043.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ware H. Grove sold 18,485 shares of the company’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $53.04, for a total value of $980,444.40. Following the transaction, the insider now directly owns 274,524 shares in the company, valued at approximately $14,560,752.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,998 shares of company stock valued at $4,469,876. Insiders own 5.40% of the company’s stock.

CBIZ Trading Up 0.1 %

Shares of CBIZ stock opened at $50.13 on Friday. The stock has a fifty day simple moving average of $50.06 and a 200 day simple moving average of $48.90. CBIZ, Inc. has a 12-month low of $37.01 and a 12-month high of $53.47. The company has a market capitalization of $2.53 billion, a P/E ratio of 21.42 and a beta of 0.76. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.52.

CBIZ (NYSE:CBZ – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.17. CBIZ had a return on equity of 16.24% and a net margin of 8.16%. The business had revenue of $454.60 million during the quarter, compared to the consensus estimate of $432.66 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. CBIZ’s revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that CBIZ, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on CBIZ in a report on Thursday, May 18th. They set a “hold” rating for the company.

About CBIZ

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CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.