Los Angeles Capital Management LLC Has $425,000 Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Los Angeles Capital Management LLC increased its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,146 shares of the business services provider’s stock after buying an additional 1,350 shares during the period. Los Angeles Capital Management LLC’s holdings in CBIZ were worth $425,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CBZ. Nisa Investment Advisors LLC boosted its position in CBIZ by 23.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,600 shares of the business services provider’s stock worth $85,000 after buying an additional 500 shares during the period. William Blair Investment Management LLC acquired a new stake in CBIZ during the 2nd quarter worth approximately $89,000. Teacher Retirement System of Texas acquired a new stake in CBIZ during the 2nd quarter worth approximately $225,000. Amalgamated Bank acquired a new stake in CBIZ during the 2nd quarter worth approximately $230,000. Finally, Ergoteles LLC acquired a new stake in CBIZ during the 2nd quarter worth approximately $334,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research report on Friday.

Shares of NYSE CBZ opened at $40.84 on Friday. The company has a market capitalization of $2.13 billion, a P/E ratio of 27.41 and a beta of 0.73. CBIZ, Inc. has a 52-week low of $25.79 and a 52-week high of $41.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.21. The company’s 50 day moving average price is $38.58 and its 200-day moving average price is $35.12.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, October 27th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.12. The firm had revenue of $282.70 million for the quarter, compared to the consensus estimate of $259.24 million. CBIZ had a net margin of 7.49% and a return on equity of 13.82%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. Analysts forecast that CBIZ, Inc. will post 1.75 earnings per share for the current year.

CBIZ Company Profile

CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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