CBIZ, Inc. $CBZ Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in CBIZ, Inc. (NYSE:CBZ) by 543.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,005 shares of the business services provider’s stock after purchasing an additional 147,820 shares during the quarter. Quantinno Capital Management LP’s holdings in CBIZ were worth $4,699,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC purchased a new position in shares of CBIZ during the second quarter worth $37,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of CBIZ by 377.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after buying an additional 442 shares during the period. EverSource Wealth Advisors LLC lifted its stake in CBIZ by 165.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after acquiring an additional 450 shares in the last quarter. Danske Bank A S acquired a new position in CBIZ during the 3rd quarter worth about $42,000. Finally, Torren Management LLC purchased a new position in CBIZ during the 4th quarter valued at about $48,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Down 0.6%

Shares of CBIZ stock opened at $54.47 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. CBIZ, Inc. has a 52-week low of $24.29 and a 52-week high of $67.24. The company has a market capitalization of $2.96 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.15 and a beta of 0.93. The company has a 50 day moving average of $38.57 and a 200 day moving average of $33.66.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.91 EPS for the quarter, beating 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 the consensus estimate of $697.96 million. During the same period in the prior year, the firm posted $0.95 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts forecast that CBIZ, Inc. will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barrington Research initiated coverage on CBIZ in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 target price for the company. CJS Securities lowered shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research note on Thursday, July 30th. Stephens set a $37.00 price objective on shares of CBIZ in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 target price on shares of CBIZ in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of CBIZ from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CBIZ has a consensus rating of “Hold” and an average price target of $44.50.

About CBIZ

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.