Short Interest in CBIZ, Inc. (NYSE:CBZ) Rises By 15.1%

CBIZ, Inc. (NYSE:CBZ) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,220,000 shares, an increase of 15.1% from the October 31st total of 1,060,000 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 325,200 shares, the short-interest ratio is presently 3.8 days.

Institutional Investors Weigh In On CBIZ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in shares of 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 purchasing an additional 176 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in CBIZ by 1.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,235 shares of the business services provider’s stock worth $1,203,000 after acquiring an additional 185 shares during the last quarter. Inspire Investing LLC boosted its holdings in CBIZ by 4.2% during the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock valued at $352,000 after acquiring an additional 190 shares during the period. US Bancorp DE grew its position in shares of CBIZ by 16.1% in the third 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 during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of CBIZ by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider’s stock worth $934,000 after purchasing an additional 275 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Up 0.1 %

Shares of CBIZ stock traded up $0.05 during midday trading on Tuesday, reaching $81.83. 165,954 shares of the company’s stock traded hands, compared to its average volume of 315,995. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. CBIZ has a 52 week low of $57.44 and a 52 week high of $86.36. The company’s 50 day simple moving average is $71.77 and its 200 day simple moving average is $73.31. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 34.66 and a beta of 0.95.

CBIZ (NYSE:CBZ) last posted its earnings results 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 company had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Equities analysts expect that CBIZ will post 2.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and upped their target price for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.

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.