CBIZ’s (CBZ) Outperform Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of CBIZ (NYSE:CBZ) in a research report released on Thursday morning,RTT News reports.

Separately, StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday.

CBIZ Trading Down 3.4 %

Shares of CBZ stock opened at $78.12 on Thursday. CBIZ has a fifty-two week low of $62.65 and a fifty-two week high of $90.13. The stock’s fifty day moving average price is $84.22 and its two-hundred day moving average price is $76.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $3.92 billion, a PE ratio of 33.10 and a beta of 0.95.

Hedge Funds Weigh In On CBIZ

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC increased its position in CBIZ by 193.2% in the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock valued at $46,000 after buying an additional 367 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 276 shares during the period. VisionPoint Advisory Group LLC bought a new stake in shares of CBIZ during the fourth quarter valued at approximately $60,000. Quarry LP increased its holdings in shares of CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of CBIZ during the fourth quarter worth approximately $110,000. Institutional investors 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.