CBIZ, Inc. (NYSE:CBZ) Holdings Cut by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP reduced its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,643 shares of the business services provider’s stock after selling 355 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in CBIZ were worth $1,591,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CBZ. Capital World Investors purchased a new position in CBIZ in the first quarter valued at about $40,590,000. Vanguard Group Inc. lifted its holdings in shares of CBIZ by 36.3% during the 1st quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock valued at $290,850,000 after buying an additional 986,774 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of CBIZ in the 3rd quarter valued at approximately $740,000. Artemis Investment Management LLP increased its holdings in CBIZ by 22.8% in the third quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock worth $22,376,000 after buying an additional 61,754 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in CBIZ by 6.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 303,096 shares of the business services provider’s stock valued at $23,793,000 after acquiring an additional 18,638 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Down 1.8 %

CBZ opened at $76.48 on Friday. The firm has a market cap of $3.84 billion, a P/E ratio of 32.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The business has a 50 day moving average price of $68.76 and a 200 day moving average price of $72.92. CBIZ, Inc. has a twelve month low of $56.64 and a twelve month high of $86.36.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $438.90 million during the quarter, compared to analysts’ expectations of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. CBIZ’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. Research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CBZ shares. StockNews.com upgraded shares of CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $86.00 in a report on Monday, August 12th.

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.