Bancreek Capital Management LP Sells 58,482 Shares of CBIZ, Inc. (NYSE:CBZ)

Bancreek Capital Management LP trimmed its holdings in CBIZ, Inc. (NYSE:CBZ) by 38.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 91,730 shares of the business services provider’s stock after selling 58,482 shares during the period. CBIZ makes up about 7.3% of Bancreek Capital Management LP’s holdings, making the stock its 3rd largest holding. Bancreek Capital Management LP owned approximately 0.18% of CBIZ worth $7,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after purchasing an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in CBIZ during the fourth quarter worth about $60,000. Quarry LP increased 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 valued at $74,000 after acquiring an additional 1,077 shares during the last quarter. KBC Group NV raised its stake in shares of CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 356 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of CBIZ in the 4th quarter worth approximately $110,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Trading Up 0.0 %

NYSE CBZ opened at $72.97 on Friday. 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 firm has a market cap of $3.92 billion, a price-to-earnings ratio of 30.92 and a beta of 0.99. The firm has a 50 day simple moving average of $81.19 and a 200-day simple moving average of $76.53. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now directly owns 41,759 shares in the company, valued at approximately $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 accessible through the SEC website. 5.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. William Blair reissued an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a 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.