CBIZ, Inc. $CBZ Stake Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 14.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,392 shares of the business services provider’s stock after selling 15,975 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CBIZ were worth $3,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CBZ. Hsbc Holdings PLC acquired a new position in shares of CBIZ in the 2nd quarter valued at about $1,340,000. United Capital Financial Advisors LLC purchased a new stake in shares of CBIZ in the second quarter worth approximately $491,000. Public Employees Retirement System of Ohio purchased a new stake in shares of CBIZ in the second quarter worth approximately $31,000. Corient Private Wealth LP acquired a new stake in shares of CBIZ during the second quarter worth approximately $5,385,000. Finally, Bank of America Corp DE acquired a new stake in shares of CBIZ during the second quarter worth approximately $7,194,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CBZ. Weiss Ratings raised shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. CJS Securities lowered shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Thursday, July 30th. Barrington Research assumed coverage on shares of CBIZ in a report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target on the stock. Finally, US Capital Advisors set a $55.00 price target on shares of CBIZ in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $44.50.

CBIZ Stock Up 0.0%

CBZ opened at $54.62 on Friday. The company has a market capitalization of $2.96 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. 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 fifty-two week low of $24.29 and a fifty-two week high of $58.17. The business has a 50-day moving average of $49.48 and a 200-day moving average of $36.87.

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

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.