CBIZ, Inc. (NYSE:CBZ) Shares Bought by Aperio Group LLC

Aperio Group LLC boosted its holdings in CBIZ, Inc. (NYSE:CBZ) by 38.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,421 shares of the business services provider’s stock after purchasing an additional 18,035 shares during the quarter. Aperio Group LLC owned about 0.12% of CBIZ worth $1,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ramsey Quantitative Systems grew its holdings in CBIZ by 38.6% during the third quarter. Ramsey Quantitative Systems now owns 8,850 shares of the business services provider’s stock worth $210,000 after buying an additional 2,467 shares in the last quarter. Victory Capital Management Inc. boosted its position in CBIZ by 15.9% in the second quarter. Victory Capital Management Inc. now owns 21,297 shares of the business services provider’s stock worth $490,000 after purchasing an additional 2,921 shares during the last quarter. Granite Investment Partners LLC boosted its position in CBIZ by 0.5% in the second quarter. Granite Investment Partners LLC now owns 830,844 shares of the business services provider’s stock worth $19,110,000 after purchasing an additional 3,811 shares during the last quarter. Bank of New York Mellon Corp boosted its position in CBIZ by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 379,650 shares of the business services provider’s stock worth $8,732,000 after purchasing an additional 3,870 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in CBIZ by 89.6% in the second quarter. Macquarie Group Ltd. now owns 9,976 shares of the business services provider’s stock worth $229,000 after purchasing an additional 4,715 shares during the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.

Several research firms have weighed in on CBZ. Zacks Investment Research cut CBIZ from a “hold” rating to a “sell” rating in a research report on Monday. William Blair assumed coverage on CBIZ in a research report on Monday, September 17th. They issued an “outperform” rating on the stock.

Shares of NYSE:CBZ traded down $0.06 during midday trading on Monday, reaching $21.03. 165,358 shares of the company traded hands, compared to its average volume of 208,951. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.50 and a current ratio of 1.50. CBIZ, Inc. has a 12 month low of $14.75 and a 12 month high of $24.38. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 24.17 and a beta of 0.58.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. CBIZ had a return on equity of 11.30% and a net margin of 7.34%. The company had revenue of $224.25 million for the quarter, compared to analyst estimates of $218.67 million. During the same period in the previous year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts predict that CBIZ, Inc. will post 1.08 EPS for the current fiscal year.

In other CBIZ news, insider Chris Spurio sold 35,841 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $23.81, for a total value of $853,374.21. Following the transaction, the insider now directly owns 209,917 shares in the company, valued at approximately $4,998,123.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.20% of the company’s stock.

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CBIZ Profile

CBIZ, Inc, through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting and tax compliance and consulting, litigation support, federal and state governmental healthcare compliance, valuation services, real estate consulting, and internal audit outsourcing services.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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