CBIZ, Inc. (NYSE:CBZ) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lessened its stake in CBIZ, Inc. (NYSE:CBZ) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,863 shares of the business services provider’s stock after selling 250 shares during the period. Mayflower Financial Advisors LLC’s holdings in CBIZ were worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after buying an additional 344 shares in the last quarter. Quarry LP boosted its stake in shares of CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,077 shares in the last quarter. KBC Group NV grew its position in shares of CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 356 shares during the period. US Bancorp DE increased its stake in shares of 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 purchasing an additional 249 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock worth $182,000 after purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

CBIZ Stock Performance

NYSE:CBZ opened at $84.99 on Thursday. 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 capitalization of $4.27 billion, a PE ratio of 36.01 and a beta of 0.95. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $86.55. The company has a fifty day moving average of $82.05 and a two-hundred day moving average of $75.21.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts forecast that CBIZ, Inc. will post 2.65 earnings per share 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.