CBIZ, Inc. (CBZ) Position Reduced by Two Sigma Investments LP
Two Sigma Investments LP lessened its stake in CBIZ, Inc. (NYSE:CBZ) by 69.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,112 shares of the business services provider’s stock after selling 55,887 shares during the period. Two Sigma Investments LP’s holdings in CBIZ were worth $475,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in CBIZ by 6.4% in 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 stake in CBIZ by 0.7% in 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 valued at $57,809,000 after purchasing an additional 15,817 shares during the period. Northern Trust Corp increased its position in CBIZ by 1.1% during the 4th quarter. Northern Trust Corp now owns 1,098,872 shares of the business services provider’s stock valued at $21,649,000 after purchasing an additional 12,284 shares during the period. Finally, Investment Counselors of Maryland LLC increased its position in CBIZ by 2.3% during the 4th quarter. Investment Counselors of Maryland LLC now owns 956,668 shares of the business services provider’s stock valued at $18,846,000 after purchasing an additional 21,300 shares during the period. 89.95% of the stock is currently owned by institutional investors.
In other news, Director Joseph S. Dimartino sold 3,488 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.63, for a total value of $71,957.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael P. Kouzelos sold 18,200 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $21.27, for a total transaction of $387,114.00. Following the completion of the sale, the insider now owns 299,184 shares in the company, valued at $6,363,643.68. The disclosure for this sale can be found here. Insiders have sold a total of 35,442 shares of company stock worth $737,163 in the last three months. Insiders own 7.20% of the company’s stock.
NYSE CBZ opened at $20.24 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 18.57 and a beta of 0.50. CBIZ, Inc. has a one year low of $18.30 and a one year high of $24.38.
CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, February 13th. The business services provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $199.00 million for the quarter, compared to the consensus estimate of $202.33 million. CBIZ had a net margin of 6.68% and a return on equity of 10.45%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. On average, equities research analysts expect that CBIZ, Inc. will post 1.2 EPS for the current year.
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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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