Panagora Asset Management Inc. trimmed its stake in CBIZ, Inc. (NYSE:CBZ – Get Rating) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,091 shares of the business services provider’s stock after selling 2,278 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.20% of CBIZ worth $4,736,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Eaton Vance Management increased its holdings in CBIZ by 14.3% during the first quarter. Eaton Vance Management now owns 2,923,896 shares of the business services provider’s stock worth $122,716,000 after buying an additional 364,887 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CBIZ by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,551,939 shares of the business services provider’s stock worth $107,105,000 after purchasing an additional 23,498 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of CBIZ by 317.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,237,443 shares of the business services provider’s stock valued at $51,935,000 after purchasing an additional 941,076 shares during the period. State Street Corp lifted its stake in CBIZ by 0.3% in the 3rd quarter. State Street Corp now owns 1,001,956 shares of the business services provider’s stock valued at $42,864,000 after purchasing an additional 3,392 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in CBIZ by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 875,538 shares of the business services provider’s stock worth $41,018,000 after purchasing an additional 17,627 shares during the period. Institutional investors and hedge funds own 88.74% of the company’s stock.
Insider Buying and Selling at CBIZ
In other CBIZ news, Director Joseph S. Dimartino sold 10,000 shares of CBIZ stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $49.82, for a total value of $498,200.00. Following the completion of the sale, the director now owns 30,872 shares in the company, valued at approximately $1,538,043.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ware H. Grove sold 18,485 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $53.04, for a total value of $980,444.40. Following the completion of the transaction, the insider now owns 274,524 shares of the company’s stock, valued at $14,560,752.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph S. Dimartino sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $49.82, for a total transaction of $498,200.00. Following the completion of the transaction, the director now owns 30,872 shares of the company’s stock, valued at $1,538,043.04. The disclosure for this sale can be found here. Insiders have sold a total of 44,873 shares of company stock valued at $2,317,413 in the last ninety days. 5.40% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
CBIZ Trading Down 0.4 %
CBZ stock opened at $52.89 on Friday. CBIZ, Inc. has a one year low of $37.01 and a one year high of $53.77. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 22.60 and a beta of 0.75. The company has a fifty day moving average price of $50.83 and a two-hundred day moving average price of $49.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.41 and a quick ratio of 1.41.
CBIZ (NYSE:CBZ – Get Rating) last announced its earnings results on Thursday, April 27th. The business services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.29 by $0.17. The business had revenue of $454.60 million during the quarter, compared to the consensus estimate of $432.66 million. CBIZ had a net margin of 8.16% and a return on equity of 16.24%. CBIZ’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 EPS. Equities analysts anticipate that CBIZ, Inc. will post 2.41 EPS for the current year.
CBIZ Profile
CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.
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