11,080 Shares of CBIZ, Inc. $CBZ Purchased by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. bought a new stake in CBIZ, Inc. (NYSE:CBZ) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,080 shares of the business services provider’s stock, valued at approximately $606,000.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in CBIZ during the second quarter worth about $27,000. North Point Portfolio Managers Corp OH acquired a new stake in shares of CBIZ during the third quarter valued at about $27,000. Public Employees Retirement System of Ohio acquired a new stake in shares of CBIZ during the second quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its stake in shares of CBIZ by 667.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,315 shares during the period. Finally, Montgomery Financial Services LLC purchased a new stake in shares of CBIZ in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. William Blair lowered shares of CBIZ from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 23rd. CJS Securities cut shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Thursday, July 30th. US Capital Advisors set a $55.00 target price on shares of CBIZ in a report on Thursday, July 30th. Barrington Research downgraded shares of CBIZ from an “outperform” rating to a “hold” rating in a report on Wednesday, September 16th. Finally, Weiss Ratings raised CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, CBIZ has a consensus rating of “Hold” and a consensus target price of $44.50.

CBIZ Price Performance

CBZ stock opened at $54.84 on Thursday. The business’s fifty day moving average price is $54.70 and its 200 day moving average price is $42.47. CBIZ, Inc. has a 12-month low of $24.29 and a 12-month high of $56.41. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $2.98 billion, a PE ratio of 22.39, a P/E/G ratio of 1.32 and a beta of 0.91.

CBIZ (NYSE:CBZ) last announced its earnings results on Monday, October 19th. The business services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.07). CBIZ had a net margin of 5.33% and a return on equity of 12.85%. The firm had revenue of $702.24 million for the quarter, compared to analysts’ expectations of $727.08 million. During the same quarter last year, the business earned $1.01 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CBIZ, Inc. will post 4.17 EPS for the current year.

CBIZ Profile

CBIZ, Inc is a professional services company that provides accounting, tax, advisory and business consulting services to businesses, individuals and nonprofit organizations. Its offerings include financial reporting, tax planning and compliance, valuation, transaction support, internal audit and risk-management consulting.

The company has also provided employee and insurance services, including employee benefits consulting, payroll and human resources support, property and casualty insurance brokerage, retirement plan services and risk-management solutions.