CBIZ, Inc. (NYSE:CBZ) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of CBIZ, Inc. (NYSE:CBZGet Rating) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,749 shares of the business services provider’s stock after acquiring an additional 600 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CBIZ were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. lifted its holdings in shares of CBIZ by 113.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,566 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 833 shares in the last quarter. US Bancorp DE increased its stake in CBIZ by 683.8% during the 2nd quarter. US Bancorp DE now owns 1,693 shares of the business services provider’s stock worth $68,000 after buying an additional 1,477 shares during the period. Trust Co. of Vermont purchased a new stake in CBIZ during the 2nd quarter worth $116,000. Nisa Investment Advisors LLC increased its stake in CBIZ by 20.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,960 shares of the business services provider’s stock worth $118,000 after buying an additional 510 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in CBIZ by 161.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,064 shares of the business services provider’s stock worth $122,000 after buying an additional 1,891 shares during the period. Institutional investors and hedge funds own 88.74% of the company’s stock.

Insider Transactions at CBIZ

In other news, insider Ware H. Grove sold 8,000 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $50.16, for a total value of $401,280.00. Following the completion of the sale, the insider now owns 257,844 shares of the company’s stock, valued at approximately $12,933,455.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Ware H. Grove sold 1,401 shares of CBIZ stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $50.00, for a total value of $70,050.00. Following the completion of the transaction, the insider now directly owns 257,844 shares of the company’s stock, valued at approximately $12,892,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ware H. Grove sold 8,000 shares of CBIZ stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $50.16, for a total transaction of $401,280.00. Following the completion of the transaction, the insider now directly owns 257,844 shares of the company’s stock, valued at $12,933,455.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,000 shares of company stock valued at $2,155,368. Insiders own 6.50% of the company’s stock.

CBIZ Stock Performance

CBIZ stock opened at $45.77 on Tuesday. CBIZ, Inc. has a 12-month low of $35.46 and a 12-month high of $51.67. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 22.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s fifty day moving average price is $48.09 and its 200 day moving average price is $45.41.

CBIZ (NYSE:CBZGet Rating) last released its earnings results on Thursday, October 27th. The business services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $363.26 million during the quarter, compared to the consensus estimate of $335.30 million. CBIZ had a net margin of 7.89% and a return on equity of 14.94%. On average, research analysts forecast that CBIZ, Inc. will post 2.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of CBIZ in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

About CBIZ

(Get Rating)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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