United Capital Financial Advisors LLC Takes Position in CBIZ, Inc. $CBZ

United Capital Financial Advisors LLC acquired a new stake in shares of CBIZ, Inc. (NYSE:CBZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,314 shares of the business services provider’s stock, valued at approximately $491,000.

A number of other hedge funds have also recently bought and sold shares of CBZ. Quantinno Capital Management LP lifted its stake in shares of CBIZ by 543.8% during the 1st quarter. Quantinno Capital Management LP now owns 175,005 shares of the business services provider’s stock worth $4,699,000 after purchasing an additional 147,820 shares during the period. Bank of New York Mellon Corp lifted its position in CBIZ by 17.8% during the first quarter. Bank of New York Mellon Corp now owns 166,787 shares of the business services provider’s stock worth $4,478,000 after buying an additional 25,214 shares during the period. Great Lakes Advisors LLC acquired a new stake in CBIZ in the 2nd quarter worth about $1,142,000. Edgestream Partners L.P. purchased a new stake in CBIZ in the 1st quarter valued at about $3,611,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of CBIZ during the 2nd quarter valued at about $740,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Down 0.0%

Shares of NYSE:CBZ opened at $54.49 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 1.47. CBIZ, Inc. has a 1 year low of $24.29 and a 1 year high of $64.90. The stock has a market capitalization of $2.96 billion, a P/E ratio of 25.46, a PEG ratio of 1.14 and a beta of 0.92. The stock has a 50-day simple moving average of $45.88 and a 200-day simple moving average of $35.42.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. The firm had revenue of $682.21 million for the quarter, compared to analyst estimates of $697.96 million. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. CBIZ’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. Equities analysts forecast that CBIZ, Inc. will post 4.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barrington Research started coverage on shares of CBIZ in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 target price on the stock. Weiss Ratings raised shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. US Capital Advisors set a $55.00 price target on shares of CBIZ in a report on Thursday, July 30th. Finally, CJS Securities downgraded CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, CBIZ currently has an average rating of “Hold” and a consensus target price of $44.50.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.