Federated Hermes Inc. Has $49,000 Stake in CBIZ, Inc. (NYSE:CBZ)

Federated Hermes Inc. decreased its position in CBIZ, Inc. (NYSE:CBZ) by 92.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 779 shares of the business services provider’s stock after selling 9,589 shares during the quarter. Federated Hermes Inc.’s holdings in CBIZ were worth $49,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CBZ. Bank of New York Mellon Corp grew its position in CBIZ by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 212,813 shares of the business services provider’s stock worth $11,045,000 after acquiring an additional 2,050 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CBIZ by 18.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,356 shares of the business services provider’s stock valued at $382,000 after buying an additional 1,167 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CBIZ by 18.6% in the third quarter. Principal Financial Group Inc. now owns 12,390 shares of the business services provider’s stock worth $643,000 after buying an additional 1,947 shares during the last quarter. Millington Financial Advisors LLC lifted its position in shares of CBIZ by 3.0% in the third quarter. Millington Financial Advisors LLC now owns 30,696 shares of the business services provider’s stock worth $1,593,000 after buying an additional 882 shares during the last quarter. Finally, Compass Ion Advisors LLC bought a new stake in shares of CBIZ during the 3rd quarter worth about $202,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research note on Friday, April 26th.

CBIZ Price Performance

NYSE CBZ opened at $74.61 on Tuesday. CBIZ, Inc. has a 1 year low of $49.13 and a 1 year high of $79.55. The company has a fifty day simple moving average of $75.59 and a 200 day simple moving average of $66.16. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.74 billion, a P/E ratio of 30.21 and a beta of 0.87.

CBIZ (NYSE:CBZ) last released its earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). The firm had revenue of $494.30 million for the quarter, compared to analyst estimates of $490.88 million. CBIZ had a return on equity of 15.43% and a net margin of 7.65%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS. On average, sell-side analysts predict that CBIZ, Inc. will post 2.74 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.