Segall Bryant & Hamill LLC Purchases 24,622 Shares of CBIZ, Inc. (NYSE:CBZ)

Segall Bryant & Hamill LLC lifted its position in shares of CBIZ, Inc. (NYSE:CBZ) by 19.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,521 shares of the business services provider’s stock after buying an additional 24,622 shares during the period. Segall Bryant & Hamill LLC owned about 0.30% of CBIZ worth $12,153,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of CBIZ by 75.0% during the fourth 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 in the last quarter. VisionPoint Advisory Group LLC purchased a new position in CBIZ in the 4th quarter worth $60,000. Quarry LP lifted its stake in CBIZ by 6,335.3% in the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after purchasing an additional 1,077 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in CBIZ in the fourth quarter worth $110,000. Finally, KBC Group NV boosted its position in CBIZ by 30.1% during 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 hedge funds and other institutional investors.

CBIZ Price Performance

Shares of CBIZ stock opened at $73.98 on Wednesday. The company’s fifty day simple moving average is $80.84 and its two-hundred day simple moving average is $76.64. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13. The firm has a market cap of $3.98 billion, a PE ratio of 31.35 and a beta of 0.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

Insider Transactions at CBIZ

In other CBIZ 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 completion of the transaction, the director now owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This represents a 13.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBZ. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

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.