Blair William & Co. IL Raises Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Blair William & Co. IL lifted its holdings in CBIZ, Inc. (NYSE:CBZ) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 422,866 shares of the business services provider’s stock after purchasing an additional 17,024 shares during the quarter. Blair William & Co. IL’s holdings in CBIZ were worth $34,603,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Arizona State Retirement System grew its stake in shares of CBIZ by 1.0% in the 4th 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 in the last quarter. Corient Private Wealth LLC grew its position in CBIZ by 1.4% in the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock worth $778,000 after acquiring an additional 128 shares in the last quarter. Kensington Investment Counsel LLC increased its stake in CBIZ by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock worth $1,654,000 after acquiring an additional 132 shares during the last quarter. SG Americas Securities LLC raised its position in CBIZ by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of CBIZ by 75.0% in 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 last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CBZ shares. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

CBIZ Stock Up 1.2 %

Shares of NYSE CBZ opened at $75.19 on Friday. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. The firm has a 50-day simple moving average of $80.45 and a two-hundred day simple moving average of $76.61. The company has a market cap of $4.04 billion, a P/E ratio of 31.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

Insider Buying and Selling

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.40% of the stock is owned by corporate insiders.

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.