Premier Fund Managers Ltd Buys 100,000 Shares of CBIZ, Inc. (NYSE:CBZ)

Premier Fund Managers Ltd grew its stake in CBIZ, Inc. (NYSE:CBZ) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 813,698 shares of the business services provider’s stock after purchasing an additional 100,000 shares during the quarter. CBIZ makes up approximately 1.9% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 25th largest holding. Premier Fund Managers Ltd owned approximately 1.62% of CBIZ worth $54,375,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC raised its holdings in CBIZ by 2,980.0% in the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 447 shares during the period. Covestor Ltd increased its position in CBIZ by 45.5% during the 1st quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock worth $56,000 after buying an additional 221 shares during the period. Signaturefd LLC lifted its holdings in shares of CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after buying an additional 344 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of CBIZ in the second quarter valued at about $82,000. Finally, KBC Group NV increased its position in CBIZ by 29.7% during the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after acquiring an additional 356 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CBZ. Sidoti upgraded shares of CBIZ from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research report on Wednesday.

CBIZ Stock Up 0.1 %

CBZ stock opened at $77.07 on Wednesday. CBIZ, Inc. has a 52 week low of $57.01 and a 52 week high of $86.36. The business has a 50-day simple moving average of $69.24 and a 200 day simple moving average of $72.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market cap of $3.87 billion, a PE ratio of 32.66 and a beta of 0.91.

CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. Sell-side analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

CBIZ Profile

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.