Rice Hall James & Associates LLC decreased its stake in CBIZ, Inc. (NYSE:CBZ) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,783 shares of the business services provider’s stock after selling 7,692 shares during the period. Rice Hall James & Associates LLC’s holdings in CBIZ were worth $2,082,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CBZ. P2 Capital Partners LLC increased its position in shares of CBIZ by 67.6% in the first quarter. P2 Capital Partners LLC now owns 2,361,073 shares of the business services provider’s stock valued at $31,993,000 after buying an additional 952,501 shares during the last quarter. Norges Bank acquired a new position in shares of CBIZ during the fourth quarter valued at about $9,981,000. Granite Investment Partners LLC acquired a new position in shares of CBIZ during the second quarter valued at about $10,331,000. ClariVest Asset Management LLC increased its position in shares of CBIZ by 170.5% in the first quarter. ClariVest Asset Management LLC now owns 326,263 shares of the business services provider’s stock valued at $4,420,000 after buying an additional 205,668 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of 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. 85.12% of the stock is currently owned by institutional investors.

Shares of CBIZ, Inc. (NYSE CBZ) opened at 14.85 on Tuesday. CBIZ, Inc. has a one year low of $10.73 and a one year high of $15.90. The stock has a 50 day moving average of $14.98 and a 200 day moving average of $14.49. The stock has a market cap of $806.76 million, a P/E ratio of 17.57 and a beta of 0.91.

CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $211 million during the quarter, compared to analyst estimates of $207.42 million. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. CBIZ’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities analysts expect that CBIZ, Inc. will post $0.87 EPS for the current fiscal year.

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Several research analysts have issued reports on CBZ shares. Zacks Investment Research raised shares of CBIZ from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Friday, May 12th. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded 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 transaction of $349,636.75. Following the completion of the transaction, the insider now owns 262,673 shares in the company, valued at approximately $4,005,763.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael W. Gleespen sold 8,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $15.01, for a total transaction of $120,080.00. Following the transaction, the insider now owns 101,712 shares of the company’s stock, valued at approximately $1,526,697.12. The disclosure for this sale can be found here. Insiders sold a total of 65,927 shares of company stock valued at $999,417 in the last quarter. 7.20% of the stock is currently owned by insiders.

CBIZ Company 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.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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