Keybank National Association OH acquired a new stake in CBIZ, Inc. (NYSE:CBZ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,674 shares of the business services provider’s stock, valued at approximately $503,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CBZ. Quantamental Technologies LLC increased its position in CBIZ by 40.9% during the 1st quarter. Quantamental Technologies LLC now owns 3,100 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 900 shares during the period. SG Americas Securities LLC grew its position in CBIZ by 21.2% during the 2nd quarter. SG Americas Securities LLC now owns 8,439 shares of the business services provider’s stock worth $165,000 after purchasing an additional 1,478 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in CBIZ by 8.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,117 shares of the business services provider’s stock worth $204,000 after purchasing an additional 801 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in CBIZ by 260.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,744 shares of the business services provider’s stock worth $217,000 after purchasing an additional 7,765 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in CBIZ during the 1st quarter worth approximately $219,000. Institutional investors and hedge funds own 87.40% of the company’s stock.
In other news, insider Ware H. Grove sold 10,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $20.52, for a total transaction of $205,200.00. Following the completion of the sale, the insider now owns 273,096 shares of the company’s stock, valued at $5,603,929.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ware H. Grove sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $20.52, for a total transaction of $410,400.00. Following the sale, the insider now directly owns 283,096 shares of the company’s stock, valued at approximately $5,809,129.92. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock valued at $1,237,420 over the last 90 days. 7.40% of the stock is currently owned by company insiders.
Shares of NYSE CBZ opened at $23.01 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.46. CBIZ, Inc. has a 12 month low of $18.64 and a 12 month high of $24.38. The company has a 50 day simple moving average of $21.87 and a two-hundred day simple moving average of $20.58. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 21.11 and a beta of 0.35.
CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, July 31st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. CBIZ had a net margin of 7.18% and a return on equity of 10.89%. The firm had revenue of $235.50 million during the quarter, compared to analysts’ expectations of $243.01 million. During the same period in the previous year, the business posted $0.23 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Analysts forecast that CBIZ, Inc. will post 1.22 EPS for the current year.
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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