Wealth Enhancement Advisory Services LLC Grows Stake in CBIZ, Inc. (NYSE:CBZ)

Wealth Enhancement Advisory Services LLC increased its holdings in CBIZ, Inc. (NYSE:CBZ) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,514 shares of the business services provider’s stock after buying an additional 279 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CBIZ were worth $1,111,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Quest Partners LLC grew its stake in CBIZ by 2,980.0% in the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after buying an additional 447 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of CBIZ during the 1st quarter worth $54,000. Covestor Ltd grew its position in CBIZ by 45.5% in the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock worth $56,000 after acquiring an additional 221 shares in the last quarter. Signaturefd LLC increased its stake in CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 344 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in CBIZ during the second quarter valued at about $82,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

CBZ stock opened at $71.13 on Tuesday. The firm has a market cap of $3.57 billion, a P/E ratio of 30.14 and a beta of 0.90. The firm’s fifty day moving average is $67.80 and its 200 day moving average is $72.78. CBIZ, Inc. has a 52 week low of $54.43 and a 52 week high of $86.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a return on equity of 15.47% and a net margin of 7.08%. The firm had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same period last year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

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.