Will CBIZ’s Newest Acquisition Be Just What These Top Institutional Shareholders Desire?

CBIZ Inc. (NYSE:CBZ), a company which helps clients better manage their finances and employees, has acquired unit Payroll Control Systems From Diversified Industries Inc. for an undisclosed amount. The acquisition will enhance CBIZ’s annualized revenue by $6 million. Payroll Control Systems is a provider of payroll-related time, labor and human resources solutions to small and mid-sized customers across America.

Will CBIZ Inc.’s shareholders increase their holdings? They reported owning a total of 39.776 million shares on 09/30/2012. The shares closed at $6.02 on 09/30/2012.

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Here are the ten largest positions in CBIZ, Inc. at the end of September 30th, 2012.

FMR LLC. held 5,504,629 shares on 09/30/2012 worth $33,137,866. This brought the portfolio total to 0.01%.

Sarbit Advisory Services Inc. held 3,551,866 shares on 09/30/2012 worth $21,382,233. This brought the portfolio total to 5.6%.

Lombardia Capital Partners LLC. held 3,512,036 shares on 09/30/2012 worth $21,142,457. This brought the portfolio total to 0.84%.

First Manhattan Co. held 2,448,967 shares on 09/30/2012 worth $14,742,781. This brought the portfolio total to 0.11%.

P2 Capital Partners LLC. held 2,418,265 shares on 09/30/2012 worth $14,557,955. This brought the portfolio total to 2.83%.

Cardinal Capital Management LLC /CT. held 2,313,575 shares on 09/30/2012 worth $13,927,721. This brought the portfolio total to 1.01%.

Vanguard Group Inc. held 2,288,219 shares on 09/30/2012 worth $13,775,078. This brought the portfolio total to 0.0%.

Dimensional Fund Advisors L.P. held 2,105,327 shares on 09/30/2012 worth $12,674,068. This brought the portfolio total to 0.01%.

Investment Counselors of Maryland LLC. held 2,025,950 shares on 09/30/2012 worth $12,196,219. This brought the portfolio total to 0.6%.

Blackrock Institutional Trust Company N.A. held 1,385,726 shares on 09/30/2012 worth $8,342,070. This brought the portfolio total to 0.0%.

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