Kistler Tiffany Companies LLC decreased its position in shares of CBIZ, Inc. (NYSE:CBZ) by 25.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,500 shares of the business services provider’s stock after selling 500 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in CBIZ were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC increased its position in CBIZ by 4.2% during the 4th quarter. FMR LLC now owns 8,259,033 shares of the business services provider’s stock worth $162,703,000 after buying an additional 330,353 shares during the period. BlackRock Inc. increased its position in CBIZ by 6.4% during the 4th quarter. BlackRock Inc. now owns 3,988,818 shares of the business services provider’s stock worth $78,579,000 after buying an additional 239,889 shares during the period. Vanguard Group Inc. increased its position in CBIZ by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,439,155 shares of the business services provider’s stock worth $57,809,000 after buying an additional 15,817 shares during the period. Vanguard Group Inc increased its position in CBIZ by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 2,439,155 shares of the business services provider’s stock worth $57,809,000 after buying an additional 15,817 shares during the period. Finally, Norges Bank bought a new position in CBIZ during the 4th quarter worth $21,969,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.
Shares of NYSE CBZ opened at $20.69 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.23. CBIZ, Inc. has a 52 week low of $18.30 and a 52 week high of $24.38. The firm has a market capitalization of $1.14 billion, a P/E ratio of 19.12 and a beta of 0.50.
CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, February 13th. The business services provider reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. CBIZ had a return on equity of 10.45% and a net margin of 6.68%. The company had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $202.33 million. During the same quarter last year, the business earned $0.04 earnings per share. CBIZ’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that CBIZ, Inc. will post 1.2 EPS for the current year.
In related news, Director Todd J. Slotkin sold 3,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $20.14, for a total value of $70,490.00. Following the transaction, the director now owns 40,375 shares in the company, valued at $813,152.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael P. Kouzelos sold 18,200 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $21.27, for a total value of $387,114.00. Following the completion of the transaction, the insider now owns 299,184 shares in the company, valued at approximately $6,363,643.68. The disclosure for this sale can be found here. Insiders sold 35,442 shares of company stock worth $737,163 in the last 90 days. 7.20% of the stock is owned by company insiders.
Several research analysts have weighed in on CBZ shares. ValuEngine cut CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, February 15th.
CBIZ Company Profile
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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