Argent Capital Management LLC Purchases 2,767 Shares of CBIZ, Inc. (NYSE:CBZ)

Argent Capital Management LLC raised its position in CBIZ, Inc. (NYSE:CBZ) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,981 shares of the business services provider’s stock after purchasing an additional 2,767 shares during the period. Argent Capital Management LLC owned approximately 0.15% of CBIZ worth $5,113,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CBIZ by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 2,718,316 shares of the business services provider’s stock valued at $170,139,000 after buying an additional 51,127 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of CBIZ during the first quarter worth about $17,148,000. Chatham Capital Group Inc. lifted its holdings in shares of CBIZ by 12.4% during the 1st quarter. Chatham Capital Group Inc. now owns 51,457 shares of the business services provider’s stock valued at $4,039,000 after purchasing an additional 5,690 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of CBIZ by 19.5% in the 1st quarter. Principal Financial Group Inc. now owns 19,459 shares of the business services provider’s stock valued at $1,528,000 after purchasing an additional 3,179 shares during the period. Finally, Private Advisor Group LLC increased its stake in CBIZ by 2.7% during the 1st quarter. Private Advisor Group LLC now owns 43,465 shares of the business services provider’s stock worth $3,412,000 after purchasing an additional 1,130 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBZ has been the subject of several research reports. Sidoti raised shares of CBIZ from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

CBIZ Stock Up 1.0 %

NYSE:CBZ traded up $0.65 during trading hours on Thursday, reaching $66.63. 177,439 shares of the stock were exchanged, compared to its average volume of 311,515. The stock has a market cap of $3.34 billion, a PE ratio of 26.71 and a beta of 0.92. CBIZ, Inc. has a twelve month low of $49.15 and a twelve month high of $86.36. The firm has a 50 day moving average of $68.09 and a 200 day moving average of $73.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48.

CBIZ (NYSE:CBZ) last released its earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). CBIZ had a net margin of 7.12% and a return on equity of 14.58%. The business had revenue of $420.00 million during the quarter, compared to the consensus estimate of $430.38 million. During the same period last year, the business posted $0.55 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that CBIZ, Inc. will post 2.64 earnings per share 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.