CBIZ (NYSE:CBZ) Hits New 52-Week High – Here’s What Happened

CBIZ, Inc. (NYSE:CBZ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $87.09 and last traded at $86.91, with a volume of 15420 shares trading hands. The stock had previously closed at $85.74.

Analysts Set New Price Targets

Separately, StockNews.com raised CBIZ from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

CBIZ Price Performance

The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 37.25 and a beta of 0.95. The company has a 50-day simple moving average of $82.65 and a two-hundred day simple moving average of $75.42. 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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its holdings in shares of CBIZ by 1.0% during the 4th 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 during the last quarter. SG Americas Securities LLC increased its holdings in shares of CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after acquiring an additional 170 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of CBIZ by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock worth $1,109,000 after acquiring an additional 176 shares during the last quarter. US Bancorp DE increased its holdings in shares of CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after acquiring an additional 249 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of CBIZ by 75.0% during the 4th 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. 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.