Inceptionr LLC Takes $395,000 Position in CBIZ, Inc. (NYSE:CBZ)

Inceptionr LLC bought a new stake in shares of CBIZ, Inc. (NYSE:CBZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,830 shares of the business services provider’s stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBZ. Arizona State Retirement System lifted its position in 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 buying an additional 125 shares during the last quarter. SG Americas Securities LLC lifted its position in CBIZ by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after buying an additional 170 shares during the last quarter. US Bancorp DE lifted its position in CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after buying an additional 249 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after buying an additional 276 shares during the last quarter. Finally, KBC Group NV lifted its position in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after buying an additional 356 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Performance

CBZ stock opened at $72.78 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $83.36 and its two-hundred day simple moving average is $76.63. CBIZ, Inc. has a twelve month low of $62.65 and a twelve month high of $90.13. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 30.84 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBZ. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. William Blair restated an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th.

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.