CBIZ (NYSE:CBZ) Cut to “Sell” at StockNews.com

StockNews.com cut shares of CBIZ (NYSE:CBZ) from a hold rating to a sell rating in a research note released on Tuesday morning.

CBIZ Stock Up 1.5 %

Shares of NYSE CBZ opened at $85.29 on Tuesday. CBIZ has a 1 year low of $62.65 and a 1 year high of $89.25. The firm’s 50 day moving average price is $84.24 and its 200 day moving average price is $76.31. The firm has a market cap of $4.28 billion, a P/E ratio of 36.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

Institutional Trading of CBIZ

Hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC boosted its position in CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after acquiring an additional 367 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in CBIZ by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after acquiring an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in CBIZ during the fourth quarter worth approximately $60,000. Signaturefd LLC boosted its position in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after acquiring an additional 344 shares during the last quarter. Finally, Quarry LP boosted its position in 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 acquiring an additional 1,077 shares during the last quarter. Institutional investors and hedge funds 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.