Geneva Capital Management LLC Acquires 140,493 Shares of CBIZ, Inc. (NYSE:CBZ)

Geneva Capital Management LLC increased its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 49.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 423,407 shares of the business services provider’s stock after buying an additional 140,493 shares during the period. Geneva Capital Management LLC’s holdings in CBIZ were worth $34,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBZ. Retirement Systems of Alabama lifted its position in CBIZ by 10.3% during the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after acquiring an additional 8,032 shares during the last quarter. Victory Capital Management Inc. lifted its position in CBIZ by 22.2% during the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after acquiring an additional 8,695 shares during the last quarter. Quantbot Technologies LP lifted its position in CBIZ by 960.9% during the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after acquiring an additional 35,188 shares during the last quarter. Citigroup Inc. lifted its position in CBIZ by 205.1% during the third quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock valued at $3,580,000 after acquiring an additional 35,768 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in CBIZ during the third quarter valued at approximately $1,159,000. 87.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CBZ shares. William Blair reissued an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

CBIZ Trading Down 3.1 %

NYSE CBZ opened at $73.15 on Thursday. The company has a fifty day simple moving average of $83.95 and a two-hundred day simple moving average of $76.63. The stock has a market cap of $3.67 billion, a P/E ratio of 31.00 and a beta of 0.95. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ Company 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.