Today: The Swiss National Bank Acquires 4,800 Shares of CBIZ Inc. (CBZ)

The Swiss National Bank Acquires 4,800 Shares of CBIZ Inc. (CBZ)

Swiss National Bank raised its position in CBIZ Inc. (NYSE:CBZ) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 81,100 shares of the company’s stock after buying an additional 4,800 shares during the period. Swiss National Bank owned approximately 0.16% of CBIZ worth $844,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Aperio Group LLC increased its position in shares of CBIZ by 12.9% in the first quarter. Aperio Group LLC now owns 33,676 shares of the company’s stock worth $340,000 after buying an additional 3,861 shares during the period. Royal Bank of Canada increased its position in shares of CBIZ by 7.2% in the first quarter. Royal Bank of Canada now owns 62,977 shares of the company’s stock worth $635,000 after buying an additional 4,209 shares during the period. JPMorgan Chase & Co. increased its position in shares of CBIZ by 5.8% in the first quarter. JPMorgan Chase & Co. now owns 133,392 shares of the company’s stock worth $1,346,000 after buying an additional 7,264 shares during the period. Magnetar Financial LLC bought a new position in shares of CBIZ during the first quarter worth $290,000. Finally, First Manhattan Co. increased its position in shares of CBIZ by 1.8% in the second quarter. First Manhattan Co. now owns 2,894,930 shares of the company’s stock worth $30,136,000 after buying an additional 52,029 shares during the period. Institutional investors and hedge funds own 84.62% of the company’s stock.

Shares of CBIZ Inc. (NYSE:CBZ) traded down 0.99% on Friday, reaching $11.05. 79,217 shares of the company were exchanged. The stock has a market capitalization of $580.13 million, a price-to-earnings ratio of 15.56 and a beta of 0.69. CBIZ Inc. has a 52 week low of $9.30 and a 52 week high of $11.82. The firm’s 50 day moving average price is $11.29 and its 200 day moving average price is $10.69.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by $0.01. CBIZ had a net margin of 4.94% and a return on equity of 11.75%. The business earned $197 million during the quarter, compared to the consensus estimate of $198.70 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that CBIZ Inc. will post $0.75 EPS for the current year.

A number of research analysts recently weighed in on CBZ shares. Zacks Investment Research downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Sidoti started coverage on shares of CBIZ in a research report on Tuesday, July 19th. They set a “buy” rating on the stock.

In other news, insider Chris Spurio sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $11.60, for a total value of $81,200.00. Following the completion of the sale, the insider now owns 186,140 shares in the company, valued at approximately $2,159,224. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven L. Gerard sold 28,784 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $11.42, for a total transaction of $328,713.28. Following the completion of the sale, the director now owns 385,756 shares of the company’s stock, valued at approximately $4,405,333.52. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by insiders.

CBIZ Company Profile

CBIZ, Inc is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services.

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