Millington Financial Advisors LLC Cuts Position in CBIZ, Inc. (NYSE:CBZ)

Millington Financial Advisors LLC lessened its stake in CBIZ, Inc. (NYSE:CBZ) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,065 shares of the business services provider’s stock after selling 2,631 shares during the quarter. CBIZ accounts for 1.4% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 19th largest position. Millington Financial Advisors LLC owned approximately 0.06% of CBIZ worth $1,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Fortis Group Advisors LLC purchased a new position in CBIZ during the 3rd quarter valued at about $45,000. Exchange Traded Concepts LLC purchased a new position in CBIZ during the 4th quarter valued at about $172,000. Compass Ion Advisors LLC purchased a new position in CBIZ during the 3rd quarter valued at about $202,000. O Shaughnessy Asset Management LLC increased its holdings in CBIZ by 6.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,381 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 257 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in CBIZ during the 4th quarter valued at about $233,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Sidoti cut shares of CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research note on Tuesday, January 2nd.

CBIZ Stock Up 2.7 %

Shares of CBZ traded up $2.06 during mid-day trading on Tuesday, reaching $78.09. 242,954 shares of the stock traded hands, compared to its average volume of 305,249. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 32.81 and a beta of 0.83. The stock has a fifty day simple moving average of $75.34 and a 200 day simple moving average of $64.92. CBIZ, Inc. has a 12-month low of $49.13 and a 12-month high of $79.55. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.39.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $308.87 million. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. Sell-side analysts expect that CBIZ, Inc. will post 2.74 EPS for the current fiscal year.

CBIZ Profile

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.