CBIZ, Inc. (NYSE:CBZ) Director Sells 6,526 Shares

CBIZ, Inc. (NYSE:CBZ) Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now directly owns 41,759 shares in the company, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CBIZ Stock Performance

Shares of CBIZ stock traded down $2.49 on Monday, hitting $70.16. 457,011 shares of the company’s stock were exchanged, compared to its average volume of 299,882. CBIZ, Inc. has a 1 year low of $62.65 and a 1 year high of $90.13. The company has a 50-day simple moving average of $83.13 and a 200-day simple moving average of $76.66. 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 stock has a market capitalization of $3.77 billion, a PE ratio of 29.73 and a beta of 0.99.

Institutional Investors Weigh In On CBIZ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its position in shares of CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after purchasing an additional 367 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of 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 in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of CBIZ in the fourth quarter worth about $60,000. Quarry LP grew its position 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 worth $74,000 after purchasing an additional 1,077 shares in the last quarter. Finally, KBC Group NV raised its stake in CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CBZ has been the subject of a number of research reports. William Blair reiterated an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

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.