Dynamic Technology Lab Private Ltd decreased its position in shares of CBIZ Inc. (NYSE:CBZ) by 47.9% during the second quarter, Holdings Channel reports. The firm owned 26,840 shares of the company’s stock after selling 24,632 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.05% of CBIZ worth $280,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. acquired a new position in shares of CBIZ during the second quarter worth about $127,000. Ameriprise Financial Inc. raised its position in shares of CBIZ by 8.4% in the second quarter. Ameriprise Financial Inc. now owns 13,490 shares of the company’s stock worth $140,000 after buying an additional 1,040 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of CBIZ during the second quarter worth about $277,000. Magnetar Financial LLC acquired a new position in shares of CBIZ during the first quarter worth about $290,000. Finally, Aperio Group LLC raised its position in shares of CBIZ by 12.9% in the first quarter. Aperio Group LLC now owns 33,676 shares of the company’s stock worth $340,000 after buying an additional 3,861 shares during the period. Hedge funds and other institutional investors own 84.62% of the company’s stock.
CBIZ Inc. (NYSE:CBZ) opened at 11.19 on Friday. The stock has a market cap of $587.48 million, a price-to-earnings ratio of 15.76 and a beta of 0.67. CBIZ Inc. has a one year low of $9.30 and a one year high of $11.82. The firm has a 50-day moving average price of $11.32 and a 200-day moving average price of $10.65.
CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, August 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. CBIZ had a return on equity of 11.75% and a net margin of 4.94%. The firm had revenue of $197 million for the quarter, compared to the consensus estimate of $198.70 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that CBIZ Inc. will post $0.75 earnings per share for the current year.
CBZ has been the topic of a number of research reports. Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, August 4th. Sidoti initiated coverage on CBIZ in a report on Tuesday, July 19th. They issued a “buy” rating on the stock.
In related news, Director Steven L. Gerard sold 22,159 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $11.70, for a total value of $259,260.30. Following the sale, the director now owns 315,700 shares of the company’s stock, valued at approximately $3,693,690. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Spurio sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $11.60, for a total value of $81,200.00. Following the completion of the sale, the insider now directly owns 186,140 shares in the company, valued at approximately $2,159,224. The disclosure for this sale can be found here. Company insiders own 7.20% of the company’s stock.
CBIZ, Inc is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services.
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