2,738 Shares in CBIZ, Inc. (NYSE:CBZ) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new stake in CBIZ, Inc. (NYSE:CBZ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,738 shares of the business services provider’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of CBZ. Quest Partners LLC grew its holdings in CBIZ by 2,980.0% during the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 447 shares during the period. Whittier Trust Co. bought a new stake in CBIZ in the first quarter valued at approximately $54,000. 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. Picton Mahoney Asset Management acquired a new position in CBIZ in the 2nd quarter valued at $82,000. Finally, Fortis Group Advisors LLC lifted its position in shares of CBIZ by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,750 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 875 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Down 0.7 %

CBIZ stock opened at $66.80 on Wednesday. The firm has a 50 day moving average price of $70.71 and a two-hundred day moving average price of $74.35. CBIZ, Inc. has a 52-week low of $49.15 and a 52-week high of $86.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 27.04 and a beta of 0.92.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). The company had revenue of $420.00 million for the quarter, compared to analysts’ expectations of $430.38 million. CBIZ had a return on equity of 14.58% and a net margin of 7.12%. During the same quarter last year, the business posted $0.55 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts predict that CBIZ, Inc. will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

CBZ has been the subject of several recent analyst reports. Sidoti raised shares of CBIZ from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

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.