CBIZ Inc. (CBZ)

Amalgamated Bank Reduces Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Amalgamated Bank reduced its stake in shares of CBIZ, Inc. (NYSE:CBZ – Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,931 shares of the business services provider’s stock after selling 482 shares during the quarter. Amalgamated Bank’s holdings in CBIZ were worth $434,000 at the end of the most recent reporting period. Several other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in CBIZ by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 212,813 shares of the business services provider’s stock worth $11,045,000 after buying an additional 2,050 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CBIZ by 18.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,356 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 1,167 shares during the period. Principal Financial Group Inc. lifted its stake in shares of CBIZ by 18.6% in the 3rd quarter. Principal Financial Group Inc. now owns 12,390 shares of the business services provider’s stock valued at $643,000 after purchasing an additional 1,947 shares during the period. Millington Financial Advisors LLC boosted its position in shares of CBIZ by 3.0% during the third quarter. Millington Financial Advisors LLC now owns 30,696 shares of the business services provider’s stock valued at $1,593,000 after purchasing an additional 882 shares in the last quarter. Finally, Compass Ion Advisors LLC purchased a new stake in CBIZ in the third quarter worth $202,000. 87.44% of the stock is currently owned by institutional investors. Analyst Ratings Changes Separately, StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. View Our Latest Research Report on CBIZ CBIZ Price Performance Shares of CBZ opened at $77.99 on Monday. The firm’s 50-day simple moving average is $75.73 and its two-hundred day simple moving average is $67.78. CBIZ, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $79.55. The stock has a market cap of $3.91 billion, a PE ratio of 31.57 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.54. CBIZ (NYSE:CBZ – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). CBIZ had a net margin of 7.65% and a return on equity of 15.43%. The company had revenue of $494.30 million for the quarter, compared to the consensus estimate of $490.88 million. During the same period last year, the business earned $1.46 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts anticipate that CBIZ, Inc. will post 2.74 earnings per share for the current fiscal year. CBIZ Profile (Free Report) 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.