Assenagon Asset Management S.A. Sells 15,200 Shares of CBIZ, Inc. (NYSE:CBZ)

Assenagon Asset Management S.A. lowered its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 41.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,600 shares of the business services provider’s stock after selling 15,200 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CBIZ were worth $1,768,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Retirement Systems of Alabama raised its holdings in shares of CBIZ by 10.3% in the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after acquiring an additional 8,032 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of CBIZ by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after purchasing an additional 8,695 shares in the last quarter. Cannon Global Investment Management LLC purchased a new stake in shares of CBIZ in the 3rd quarter worth approximately $740,000. Quantbot Technologies LP boosted its stake in shares of CBIZ by 960.9% during the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after purchasing an additional 35,188 shares in the last quarter. Finally, Artemis Investment Management LLP increased its holdings in CBIZ by 22.8% during the third quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock valued at $22,376,000 after buying an additional 61,754 shares during the period. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Down 0.7 %

CBIZ stock opened at $84.22 on Friday. CBIZ, Inc. has a 1-year low of $62.65 and a 1-year high of $86.36. The business has a fifty day moving average price of $81.42 and a 200-day moving average price of $74.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 35.69 and a beta of 0.95.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same quarter last year, the company earned $0.66 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

CBIZ 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.