StockNews.com cut shares of CBIZ (NYSE:CBZ – Free Report) from a hold rating to a sell rating in a research note released on Tuesday morning.
CBIZ Stock Performance
Shares of CBZ opened at $78.12 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $3.92 billion, a P/E ratio of 33.10 and a beta of 0.95. The firm’s fifty day simple moving average is $84.22 and its two-hundred day simple moving average is $76.36. CBIZ has a 12 month low of $62.65 and a 12 month high of $90.13.
Institutional Investors Weigh In On CBIZ
Institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama raised its holdings in shares of CBIZ by 10.3% in the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock worth $5,800,000 after acquiring an additional 8,032 shares during the last quarter. Victory Capital Management Inc. increased its stake in CBIZ by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after buying an additional 8,695 shares during the last quarter. Cannon Global Investment Management LLC purchased a new stake in CBIZ in the 3rd quarter valued at about $740,000. Quantbot Technologies LP increased its stake in CBIZ by 960.9% in the 3rd quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after buying an additional 35,188 shares during the last quarter. Finally, Citigroup Inc. increased its stake in CBIZ by 205.1% in the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock valued at $3,580,000 after buying an additional 35,768 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
About CBIZ
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.
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