Quantbot Technologies LP Buys 35,188 Shares of CBIZ, Inc. (NYSE:CBZ)

Quantbot Technologies LP boosted its position in shares of CBIZ, Inc. (NYSE:CBZ) by 960.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,850 shares of the business services provider’s stock after acquiring an additional 35,188 shares during the period. Quantbot Technologies LP owned approximately 0.08% of CBIZ worth $2,614,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CBZ. AQR Capital Management LLC raised its stake in shares of CBIZ by 1.2% in the second quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock valued at $1,109,000 after purchasing an additional 176 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in CBIZ by 1.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider’s stock worth $1,203,000 after purchasing an additional 185 shares in the last quarter. Inspire Investing LLC boosted its holdings in CBIZ by 4.2% during the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 190 shares in the last quarter. US Bancorp DE grew its stake in shares of CBIZ by 16.1% in the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of CBIZ by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider’s stock worth $934,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Down 0.7 %

Shares of CBZ opened at $82.44 on Thursday. The business’s 50 day simple moving average is $70.59 and its 200-day simple moving average is $73.16. CBIZ, Inc. has a one year low of $57.01 and a one year high of $86.36. The company has a market capitalization of $4.14 billion, a P/E ratio of 34.93 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

CBIZ (NYSE:CBZ) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $86.00 in a research note on Monday, August 12th. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th.

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.