CBIZ, Inc. (NYSE:CBZ) Stock Holdings Lowered by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its position in shares of CBIZ, Inc. (NYSE:CBZ) by 74.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 205,628 shares of the business services provider’s stock after selling 585,934 shares during the period. Mawer Investment Management Ltd. owned 0.41% of CBIZ worth $13,837,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its position in CBIZ by 1.2% in the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock valued at $1,109,000 after buying an additional 176 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in CBIZ by 1.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider’s stock valued at $1,203,000 after buying an additional 185 shares in the last quarter. Inspire Investing LLC grew its position in CBIZ by 4.2% in the 2nd quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock valued at $352,000 after buying an additional 190 shares in the last quarter. Covestor Ltd grew its position in CBIZ by 45.5% in the 1st quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after buying an additional 221 shares in the last quarter. Finally, US Bancorp DE grew its position in CBIZ by 16.1% in the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after buying an additional 249 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

NYSE CBZ traded up $0.25 on Monday, reaching $76.73. The company’s stock had a trading volume of 5,041 shares, compared to its average volume of 316,114. CBIZ, Inc. has a twelve month low of $57.01 and a twelve month high of $86.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $3.85 billion, a PE ratio of 32.41 and a beta of 0.91. The firm’s 50 day moving average is $68.76 and its two-hundred day moving average is $72.93.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share 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 the consensus estimate of $440.16 million. During the same period in the prior year, the company earned $0.66 EPS. CBIZ’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Sidoti upgraded shares of CBIZ from a “neutral” rating to a “buy” rating and increased their target price for the company from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

About CBIZ

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.