Cibc World Markets Corp Takes $367,000 Position in CBIZ, Inc. (NYSE:CBZ)

Cibc World Markets Corp acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,484 shares of the business services provider’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 276 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of CBIZ during the fourth quarter worth $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 worth $74,000 after buying an additional 1,077 shares during the period. Venturi Wealth Management LLC bought a new position in CBIZ during the fourth quarter worth $110,000. Finally, KBC Group NV lifted its holdings in CBIZ by 30.1% in the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock valued at $165,000 after buying an additional 468 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

CBIZ Stock Up 0.0 %

CBIZ stock opened at $72.97 on Monday. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13. 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 company has a market capitalization of $3.92 billion, a PE ratio of 30.92 and a beta of 0.99. The firm’s fifty day moving average is $81.19 and its 200 day moving average is $76.58.

Wall Street Analysts Forecast Growth

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

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.