Cynosure Group LLC Has $1.08 Million Stake in CBIZ, Inc. (NYSE:CBZ)

Cynosure Group LLC raised its position in shares of CBIZ, Inc. (NYSE:CBZ) by 223.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,033 shares of the business services provider’s stock after purchasing an additional 11,080 shares during the quarter. Cynosure Group LLC’s holdings in CBIZ were worth $1,079,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in CBIZ by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after buying an additional 986,774 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of CBIZ by 1.8% in the second quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider’s stock worth $164,503,000 after buying an additional 40,215 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CBIZ by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,125,766 shares of the business services provider’s stock worth $75,753,000 after acquiring an additional 11,401 shares in the last quarter. Premier Fund Managers Ltd increased its holdings in shares of CBIZ by 14.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider’s stock valued at $54,375,000 after acquiring an additional 100,000 shares during the last quarter. Finally, FMR LLC grew its stake in CBIZ by 27.4% in the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock valued at $40,015,000 after buying an additional 127,822 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of NYSE CBZ opened at $83.00 on Wednesday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 35.17 and a beta of 0.91. CBIZ, Inc. has a one year low of $57.01 and a one year high of $86.36. The business has a fifty day simple moving average of $70.28 and a 200 day simple moving average of $73.11. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

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

Wall Street Analyst Weigh In

CBZ has been the topic of a number of research analyst reports. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Company 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.