Bank Julius Baer & Co. Ltd Zurich Boosts Stake in CBIZ, Inc. (NYSE:CBZ)

Bank Julius Baer & Co. Ltd Zurich raised its position in CBIZ, Inc. (NYSE:CBZ) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,368 shares of the business services provider’s stock after purchasing an additional 19,444 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in CBIZ were worth $12,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CBZ. Callan Family Office LLC acquired a new stake in shares of CBIZ during the fourth quarter worth about $977,000. Welch & Forbes LLC acquired a new stake in CBIZ during the 4th quarter worth approximately $217,000. Geneva Capital Management LLC boosted its position in CBIZ by 49.7% in the 4th quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider’s stock valued at $34,647,000 after buying an additional 140,493 shares during the period. Inceptionr LLC purchased a new position in CBIZ in the 4th quarter valued at approximately $395,000. Finally, Arizona State Retirement System grew its stake in shares of CBIZ by 1.0% in the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th.

CBIZ Trading Up 1.6 %

Shares of NYSE:CBZ opened at $72.78 on Friday. The company has a market cap of $3.91 billion, a PE ratio of 30.84 and a beta of 0.99. The company’s 50 day moving average is $83.36 and its two-hundred day moving average is $76.63. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week 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.