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

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

Wall Street Analysts Forecast Growth

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

CBIZ Price Performance

The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 37.25 and a beta of 0.95. The company has a 50-day moving average price of $82.65 and a 200-day moving average price 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.

Hedge Funds Weigh In On CBIZ

Institutional investors have recently modified their holdings of the stock. Arizona State Retirement System lifted 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 valued at $1,073,000 after purchasing an additional 125 shares in the last quarter. SG Americas Securities LLC lifted 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 valued at $208,000 after purchasing an additional 170 shares in the last quarter. AQR Capital Management LLC lifted 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 valued at $1,109,000 after purchasing an additional 176 shares in the last quarter. US Bancorp DE lifted 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 valued at $121,000 after purchasing an additional 249 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 valued at $53,000 after purchasing an additional 276 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.