Principal Financial Group Inc. acquired a new stake in shares of CBIZ, Inc. (NYSE:CBZ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,096 shares of the business services provider’s stock, valued at approximately $421,000. Principal Financial Group Inc. owned about 0.05% of CBIZ as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CBZ. Granite Investment Partners LLC acquired a new stake in shares of CBIZ during the second quarter valued at $10,331,000. ClariVest Asset Management LLC boosted its stake in shares of CBIZ by 80.7% during the second quarter. ClariVest Asset Management LLC now owns 589,575 shares of the business services provider’s stock valued at $8,844,000 after acquiring an additional 263,312 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CBIZ by 6.9% during the first quarter. Vanguard Group Inc. now owns 2,194,818 shares of the business services provider’s stock valued at $29,740,000 after acquiring an additional 141,845 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of CBIZ by 24.6% during the first quarter. Renaissance Technologies LLC now owns 452,657 shares of the business services provider’s stock valued at $6,134,000 after acquiring an additional 89,243 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of CBIZ by 21.6% during the second quarter. Bank of New York Mellon Corp now owns 372,316 shares of the business services provider’s stock valued at $5,585,000 after acquiring an additional 66,066 shares during the last quarter. 85.55% of the stock is currently owned by institutional investors and hedge funds.

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CBZ has been the topic of a number of analyst reports. Zacks Investment Research lowered CBIZ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered CBIZ from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

In other news, insider Ware H. Grove sold 25,000 shares of CBIZ stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $15.06, for a total transaction of $376,500.00. Following the transaction, the insider now owns 282,172 shares in the company, valued at $4,249,510.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Spurio sold 16,250 shares of CBIZ stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $15.18, for a total value of $246,675.00. Following the transaction, the insider now owns 191,293 shares in the company, valued at approximately $2,903,827.74. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

CBIZ, Inc. (NYSE CBZ) opened at 16.85 on Friday. CBIZ, Inc. has a 52-week low of $10.73 and a 52-week high of $17.00. The company’s 50-day moving average price is $15.69 and its 200 day moving average price is $15.10. The stock has a market capitalization of $915.41 million, a P/E ratio of 19.94 and a beta of 0.90.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $207.42 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. CBIZ’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that CBIZ, Inc. will post $0.87 earnings per share for the current year.

CBIZ Profile

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.

Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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