CBIZ, Inc. (NYSE:CBZ) Position Increased by Chatham Capital Group Inc.

Chatham Capital Group Inc. grew its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 12.4% during the first quarter, Holdings Channel reports. The firm owned 51,457 shares of the business services provider’s stock after acquiring an additional 5,690 shares during the quarter. Chatham Capital Group Inc.’s holdings in CBIZ were worth $4,039,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Artemis Investment Management LLP acquired a new stake in CBIZ during the first quarter worth about $17,148,000. Bridge City Capital LLC lifted its holdings in shares of CBIZ by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 45,781 shares of the business services provider’s stock worth $3,594,000 after purchasing an additional 359 shares during the last quarter. Sanders Morris Harris LLC bought a new position in CBIZ during the 1st quarter worth $267,000. Vanguard Group Inc. increased its position in CBIZ by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 2,718,316 shares of the business services provider’s stock worth $170,139,000 after buying an additional 51,127 shares during the period. Finally, Fortis Group Advisors LLC boosted its holdings in shares of CBIZ by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,750 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 875 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CBIZ from a “sell” rating to a “hold” rating in a research report on Thursday.

CBIZ Stock Performance

CBZ traded up $0.37 during trading hours on Friday, hitting $74.10. The company’s stock had a trading volume of 709,532 shares, compared to its average volume of 304,915. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. CBIZ, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $80.42. The company has a 50-day simple moving average of $75.71 and a 200 day simple moving average of $71.61. The firm has a market capitalization of $3.71 billion, a PE ratio of 30.00 and a beta of 0.91.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). The company had revenue of $494.30 million during the quarter, compared to analyst estimates of $490.88 million. CBIZ had a return on equity of 15.43% and a net margin of 7.65%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. As a group, sell-side analysts expect that CBIZ, Inc. will post 2.74 EPS for the current year.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.