Country Club Trust Company n.a. Sells 1,233 Shares of CBIZ, Inc. (NYSE:CBZ)

Country Club Trust Company n.a. reduced its position in shares of CBIZ, Inc. (NYSE:CBZ) by 7.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,619 shares of the business services provider’s stock after selling 1,233 shares during the period. Country Club Trust Company n.a.’s holdings in CBIZ were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBZ. Bank of New York Mellon Corp grew its holdings in CBIZ by 17.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 446,829 shares of the business services provider’s stock worth $10,591,000 after buying an additional 67,179 shares in the last quarter. BlackRock Inc. grew its holdings in CBIZ by 1.3% in the 3rd quarter. BlackRock Inc. now owns 3,748,929 shares of the business services provider’s stock worth $88,849,000 after buying an additional 47,750 shares in the last quarter. United Services Automobile Association grew its holdings in CBIZ by 2.5% in the 3rd quarter. United Services Automobile Association now owns 269,912 shares of the business services provider’s stock worth $6,397,000 after buying an additional 6,607 shares in the last quarter. Hsbc Holdings PLC bought a new position in CBIZ in the 3rd quarter worth approximately $425,000. Finally, GSA Capital Partners LLP grew its holdings in CBIZ by 96.5% in the 3rd quarter. GSA Capital Partners LLP now owns 30,399 shares of the business services provider’s stock worth $720,000 after buying an additional 14,926 shares in the last quarter. 88.46% of the stock is currently owned by institutional investors.

In other news, Director Todd J. Slotkin sold 3,500 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $20.14, for a total transaction of $70,490.00. Following the completion of the sale, the director now owns 40,375 shares in the company, valued at approximately $813,152.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph S. Dimartino sold 3,488 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.63, for a total value of $71,957.44. The disclosure for this sale can be found here. Insiders have sold a total of 35,442 shares of company stock valued at $737,163 in the last quarter. Insiders own 7.40% of the company’s stock.

A number of brokerages have issued reports on CBZ. Zacks Investment Research raised CBIZ from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, February 15th. ValuEngine lowered CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.

NYSE CBZ traded up $0.04 on Friday, reaching $20.01. 108,882 shares of the stock traded hands, compared to its average volume of 208,115. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $1.10 billion, a P/E ratio of 18.36 and a beta of 0.46. CBIZ, Inc. has a 12 month low of $18.55 and a 12 month high of $24.38.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). CBIZ had a net margin of 6.82% and a return on equity of 10.64%. The firm had revenue of $270.00 million for the quarter, compared to the consensus estimate of $278.78 million. During the same period in the previous year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts predict that CBIZ, Inc. will post 1.19 earnings per share for the current fiscal year.

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About CBIZ

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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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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