CBIZ, Inc. $CBZ Position Decreased by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its holdings in CBIZ, Inc. (NYSE:CBZ) by 97.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,663 shares of the business services provider’s stock after selling 889,050 shares during the period. Janus Henderson Group PLC’s holdings in CBIZ were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CBZ. Balyasny Asset Management L.P. lifted its stake in CBIZ by 4.9% during the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 230 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CBIZ by 0.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock worth $2,117,000 after buying an additional 235 shares in the last quarter. Corient Private Wealth LLC grew its position in CBIZ by 4.4% in the second quarter. Corient Private Wealth LLC now owns 9,747 shares of the business services provider’s stock worth $694,000 after buying an additional 408 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of CBIZ by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,540 shares of the business services provider’s stock valued at $122,000 after buying an additional 430 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of CBIZ by 377.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 442 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBZ shares. Stephens set a $37.00 target price on CBIZ in a report on Friday, May 1st. Weiss Ratings raised CBIZ from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 price objective on shares of CBIZ in a research note on Thursday, April 30th. US Capital Advisors set a $55.00 target price on shares of CBIZ in a research report on Thursday, July 30th. Finally, Barrington Research assumed coverage on shares of CBIZ in a report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.50.

CBIZ Stock Performance

Shares of CBZ opened at $54.46 on Tuesday. The company has a market capitalization of $2.95 billion, a PE ratio of 25.45, a PEG ratio of 1.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 1.47. The company’s 50 day moving average price is $39.39 and its 200 day moving average price is $33.75. CBIZ, Inc. has a 52 week low of $24.29 and a 52 week high of $67.24.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The company had revenue of $682.21 million during the quarter, compared to the consensus estimate of $697.96 million. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. Research analysts expect that CBIZ, Inc. will post 4.1 EPS for the current fiscal year.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.