First Capital Advisors Group LLC. continued to hold its position in CBIZ, Inc. (NYSE:CBZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,748 shares of the business services provider’s stock at the end of the second quarter. First Capital Advisors Group LLC.’s holdings in CBIZ were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CBZ. Prudential Financial Inc. raised its position in CBIZ by 348.2% in the first quarter. Prudential Financial Inc. now owns 55,992 shares of the business services provider’s stock valued at $759,000 after buying an additional 43,500 shares during the last quarter. Nordea Investment Management AB raised its position in CBIZ by 210.7% in the first quarter. Nordea Investment Management AB now owns 301,400 shares of the business services provider’s stock valued at $4,084,000 after buying an additional 204,400 shares during the last quarter. Martingale Asset Management L P raised its position in CBIZ by 1.9% in the first quarter. Martingale Asset Management L P now owns 176,234 shares of the business services provider’s stock valued at $2,388,000 after buying an additional 3,300 shares during the last quarter. Oxford Asset Management raised its position in CBIZ by 120.2% in the first quarter. Oxford Asset Management now owns 84,095 shares of the business services provider’s stock valued at $1,139,000 after buying an additional 45,907 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 84.77% of the company’s stock.

CBIZ, Inc. (NYSE:CBZ) opened at 14.45 on Friday. The stock’s 50 day moving average is $15.01 and its 200 day moving average is $14.44. CBIZ, Inc. has a one year low of $10.73 and a one year high of $15.90. The firm has a market cap of $785.03 million, a price-to-earnings ratio of 17.10 and a beta of 0.91.

CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. The firm had revenue of $211 million during the quarter, compared to analysts’ expectations of $207.42 million. During the same period last year, the company posted $0.16 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that CBIZ, Inc. will post $0.87 earnings per share for the current fiscal year.

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Several research firms recently issued reports on CBZ. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, April 28th. ValuEngine upgraded shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of CBIZ from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

In other news, insider Ware H. Grove sold 22,927 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $15.25, for a total value of $349,636.75. Following the completion of the sale, the insider now directly owns 262,673 shares of the company’s stock, valued at approximately $4,005,763.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ware H. Grove sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $15.24, for a total transaction of $182,880.00. Following the completion of the sale, the insider now directly owns 265,100 shares of the company’s stock, valued at $4,040,124. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,927 shares of company stock valued at $1,182,297. Corporate insiders own 7.20% of the company’s stock.

About CBIZ

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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