Exchange Traded Concepts LLC Buys 6,837 Shares of CBIZ, Inc. (NYSE:CBZ)

Exchange Traded Concepts LLC grew its position in CBIZ, Inc. (NYSE:CBZ) by 20.6% in the fourth quarter, Holdings Channel reports. The fund owned 40,030 shares of the business services provider’s stock after acquiring an additional 6,837 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CBIZ were worth $3,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CBZ. SG Americas Securities LLC lifted its position in shares of CBIZ by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after purchasing an additional 170 shares during the period. AQR Capital Management LLC lifted its holdings in CBIZ by 1.2% in the second 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 during the period. US Bancorp DE boosted its position in CBIZ by 16.1% during the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 249 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in CBIZ by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after acquiring an additional 279 shares during the period. Finally, Signaturefd LLC raised its position in shares of CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after acquiring an additional 344 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised CBIZ from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

CBIZ Stock Down 0.3 %

CBIZ stock opened at $83.98 on Friday. The company has a market capitalization of $4.21 billion, a PE ratio of 35.58 and a beta of 0.95. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $86.36. The firm’s fifty day moving average is $81.57 and its 200 day moving average is $75.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal 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.