CBIZ, Inc. (NYSE:CBZ) Short Interest Down 7.0% in September

CBIZ, Inc. (NYSE:CBZ) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 1,060,000 shares, a decrease of 7.0% from the September 15th total of 1,140,000 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 344,000 shares, the days-to-cover ratio is currently 3.1 days.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and boosted their target price for the company from $80.00 to $86.00 in a research report on Monday, August 12th.

Institutional Trading of CBIZ

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors increased its stake in CBIZ by 309.4% in the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock worth $245,606,000 after buying an additional 2,364,545 shares during the period. Vanguard Group Inc. increased its position in shares of CBIZ by 36.3% during the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after acquiring an additional 986,774 shares during the period. Capital World Investors purchased a new position in shares of CBIZ during the first quarter worth approximately $40,590,000. Handelsbanken Fonder AB raised its stake in shares of CBIZ by 2,333.3% during the third quarter. Handelsbanken Fonder AB now owns 292,000 shares of the business services provider’s stock valued at $19,649,000 after acquiring an additional 280,000 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of CBIZ in the first quarter valued at approximately $17,148,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

CBIZ stock opened at $67.35 on Friday. CBIZ has a 12-month low of $49.15 and a 12-month high of $86.36. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $68.22 and a 200-day moving average price of $73.40. The firm has a market capitalization of $3.38 billion, a PE ratio of 28.91 and a beta of 0.92.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.29). CBIZ had a return on equity of 14.58% and a net margin of 7.12%. The firm had revenue of $420.00 million during the quarter, compared to the consensus estimate of $430.38 million. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that CBIZ will post 2.64 EPS for the current year.

CBIZ Company 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.