18,553 Shares in CBIZ, Inc. $CBZ Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in CBIZ, Inc. (NYSE:CBZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,553 shares of the business services provider’s stock, valued at approximately $595,000.

A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of CBIZ by 17.8% during the 1st quarter. Bank of New York Mellon Corp now owns 166,787 shares of the business services provider’s stock worth $4,478,000 after purchasing an additional 25,214 shares in the last quarter. Quantinno Capital Management LP boosted its position in CBIZ by 543.8% in the first quarter. Quantinno Capital Management LP now owns 175,005 shares of the business services provider’s stock valued at $4,699,000 after buying an additional 147,820 shares in the last quarter. Edgestream Partners L.P. bought a new stake in CBIZ during the first quarter worth about $3,611,000. Great Lakes Advisors LLC bought a new stake in CBIZ during the second quarter worth about $1,142,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of CBIZ during the second quarter worth approximately $639,000. 87.44% of the stock is currently owned by institutional investors.

CBIZ Trading Up 0.3%

CBZ opened at $54.77 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2.97 billion, a PE ratio of 25.60, a PEG ratio of 1.15 and a beta of 0.93. CBIZ, Inc. has a 1-year low of $24.29 and a 1-year high of $66.22. The firm has a 50-day moving average price of $43.99 and a two-hundred day moving average price of $34.90.

CBIZ (NYSE:CBZ) last announced its earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The company had revenue of $682.21 million for the quarter, compared to analyst estimates of $697.96 million. During the same period in the prior year, the business earned $0.95 earnings per share. CBIZ’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts anticipate that CBIZ, Inc. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBZ. US Capital Advisors set a $55.00 target price on shares of CBIZ in a research note on Thursday, July 30th. Stephens set a $37.00 price target on CBIZ in a research report on Friday, May 1st. Barrington Research assumed coverage on CBIZ in a report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target for the company. CJS Securities downgraded CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Thursday, July 30th. Finally, Weiss Ratings raised CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.50.

CBIZ Company Profile

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.