CBIZ, Inc. (NYSE:CBZ) Stock Position Decreased by Fenimore Asset Management Inc

Fenimore Asset Management Inc lowered its holdings in CBIZ, Inc. (NYSE:CBZ) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 431,375 shares of the business services provider’s stock after selling 1,056 shares during the period. Fenimore Asset Management Inc’s holdings in CBIZ were worth $35,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its holdings in shares of CBIZ by 20.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 40,030 shares of the business services provider’s stock valued at $3,276,000 after purchasing an additional 6,837 shares during the last quarter. SG Americas Securities LLC grew its stake in CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after buying an additional 170 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in CBIZ by 31.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock worth $182,000 after buying an additional 529 shares during the last quarter. Artemis Investment Management LLP increased its position in CBIZ by 18.5% in the fourth quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider’s stock worth $32,234,000 after buying an additional 61,376 shares during the period. Finally, Argent Capital Management LLC lifted its stake in CBIZ by 13.3% in the fourth quarter. Argent Capital Management LLC now owns 86,079 shares of the business services provider’s stock valued at $7,044,000 after buying an additional 10,098 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

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

CBIZ Stock Down 0.3 %

Shares of CBIZ stock opened at $83.98 on Friday. CBIZ, Inc. has a 1-year low of $62.65 and a 1-year high of $86.36. The company has a market capitalization of $4.21 billion, a P/E ratio of 35.58 and a beta of 0.95. The business’s fifty day moving average price is $81.57 and its two-hundred day moving average price is $74.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

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

About CBIZ

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.