163,214 Shares in CBIZ, Inc. $CBZ Bought by Cygnus Capital Advisors LLC

Cygnus Capital Advisors LLC bought a new stake in CBIZ, Inc. (NYSE:CBZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 163,214 shares of the business services provider’s stock, valued at approximately $5,236,000. CBIZ comprises approximately 3.5% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Cygnus Capital Advisors LLC owned 0.30% of CBIZ as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Quantinno Capital Management LP increased its stake in shares of CBIZ by 543.8% in the first quarter. Quantinno Capital Management LP now owns 175,005 shares of the business services provider’s stock valued at $4,699,000 after buying an additional 147,820 shares during the period. Bank of New York Mellon Corp boosted its position in CBIZ by 17.8% during the 1st 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 bought a new stake in CBIZ during the 2nd quarter worth approximately $1,142,000. Edgestream Partners L.P. bought a new stake in CBIZ during the 1st quarter worth approximately $3,611,000. Finally, Corient Private Wealth LP bought a new stake in CBIZ during the 2nd quarter worth approximately $5,385,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBZ has been the subject of several analyst reports. US Capital Advisors set a $55.00 price target on shares of CBIZ in a research note on Thursday, July 30th. Weiss Ratings raised shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. 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. Finally, Barrington Research assumed coverage on CBIZ in a research report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $44.50.

CBIZ Stock Performance

Shares of CBZ stock opened at $54.86 on Tuesday. The stock has a market capitalization of $2.98 billion, a PE ratio of 25.64, a PEG ratio of 1.15 and a beta of 0.92. The business’s 50 day simple moving average is $48.23 and its 200 day simple moving average is $36.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.47. CBIZ, Inc. has a one year low of $24.29 and a one year high of $60.19.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. The firm had revenue of $682.21 million during 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%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. As a group, research analysts forecast that CBIZ, Inc. will post 4.1 earnings per share for the current year.

CBIZ Profile

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.