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

Blair William & Co. IL increased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,866 shares of the business services provider’s stock after purchasing an additional 17,024 shares during the period. Blair William & Co. IL owned approximately 0.84% of CBIZ worth $34,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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 worth $53,000 after purchasing an additional 276 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in CBIZ in the fourth quarter worth about $60,000. Quarry LP raised its stake in shares of 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 buying an additional 1,077 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of CBIZ during the 4th quarter valued at about $110,000. Finally, KBC Group NV grew its stake in shares of CBIZ by 30.1% during the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 468 shares during the period. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

CBIZ Stock Performance

NYSE CBZ opened at $75.19 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The business has a 50-day moving average price of $80.45 and a 200-day moving average price of $76.61. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 31.86 and a beta of 0.99.

Insider Buying and Selling

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.40% of the stock is owned by insiders.

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.