Valeo Financial Advisors LLC Has $1.07 Million Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Valeo Financial Advisors LLC decreased its holdings in CBIZ, Inc. (NYSE:CBZ) by 5.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 13,669 shares of the business services provider’s stock after selling 806 shares during the quarter. Valeo Financial Advisors LLC’s holdings in CBIZ were worth $1,073,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Assetmark Inc. lifted its position in CBIZ by 24.8% in the 4th quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 180 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of CBIZ by 3.9% during the 4th quarter. Moran Wealth Management LLC now owns 5,093 shares of the business services provider’s stock worth $319,000 after buying an additional 189 shares in the last quarter. Diversified Trust Co lifted its position in shares of CBIZ by 2.6% during the 3rd quarter. Diversified Trust Co now owns 9,881 shares of the business services provider’s stock worth $513,000 after buying an additional 251 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of CBIZ by 6.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,381 shares of the business services provider’s stock worth $227,000 after buying an additional 257 shares in the last quarter. Finally, Bridge City Capital LLC lifted its position in shares of CBIZ by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 45,781 shares of the business services provider’s stock worth $3,594,000 after buying an additional 359 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of CBIZ stock remained flat at $74.52 during mid-day trading on Wednesday. 107,086 shares of the company’s stock traded hands, compared to its average volume of 298,818. The firm’s 50 day moving average is $75.59 and its 200-day moving average is $71.87. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50. CBIZ, Inc. has a 1 year low of $49.15 and a 1 year high of $80.42. The stock has a market capitalization of $3.73 billion, a P/E ratio of 30.17 and a beta of 0.93.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th.

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.