Exchange Traded Concepts LLC Buys 6,837 Shares of CBIZ, Inc. (NYSE:CBZ)

Exchange Traded Concepts LLC increased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 20.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,030 shares of the business services provider’s stock after buying an additional 6,837 shares during the period. Exchange Traded Concepts LLC owned 0.08% of CBIZ worth $3,276,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CBZ. Signaturefd LLC boosted its holdings in shares of 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 acquiring an additional 344 shares during the period. Quarry LP lifted its holdings in 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 purchasing an additional 1,077 shares during the last quarter. KBC Group NV boosted its stake in CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares during the period. US Bancorp DE grew its holdings in 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 buying an additional 249 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position 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 period. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Down 0.3 %

NYSE CBZ opened at $83.98 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 35.58 and a beta of 0.95. The company has a 50 day moving average of $81.57 and a 200-day moving average of $75.00. CBIZ, Inc. has a 1-year low of $62.65 and a 1-year high of $86.36.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data 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 firm had revenue of $438.90 million during the quarter, compared to analysts’ expectations of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. On average, equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.