CBIZ, Inc. (NYSE:CBZ) Shares Sold by CBIZ Investment Advisory Services LLC

CBIZ Investment Advisory Services LLC decreased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,389 shares of the business services provider’s stock after selling 1,000 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in CBIZ were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneva Capital Management LLC raised its holdings in shares of CBIZ by 49.7% in the 4th quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider’s stock worth $34,647,000 after purchasing an additional 140,493 shares during the period. FMR LLC raised its holdings in CBIZ by 27.4% in the third quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock valued at $40,015,000 after buying an additional 127,822 shares during the period. Premier Fund Managers Ltd raised its holdings in CBIZ by 14.0% in the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider’s stock valued at $54,375,000 after buying an additional 100,000 shares during the period. Barclays PLC lifted its position in CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock valued at $5,298,000 after buying an additional 61,679 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake in CBIZ by 18.5% during the fourth quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider’s stock worth $32,234,000 after buying an additional 61,376 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the sale, the director now directly owns 41,759 shares in the company, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.40% of the company’s stock.

CBIZ Stock Performance

CBIZ stock opened at $69.45 on Friday. The firm has a market capitalization of $3.73 billion, a PE ratio of 29.43 and a beta of 0.99. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13. The stock’s 50 day moving average price is $82.12 and its 200 day moving average price is $76.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

CBIZ 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.