CBIZ, Inc. (NYSE:CBZ) Position Lessened by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its position in shares of CBIZ, Inc. (NYSE:CBZ) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,745 shares of the business services provider’s stock after selling 12,331 shares during the period. Rice Hall James & Associates LLC’s holdings in CBIZ were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CBZ. Geneva Capital Management LLC purchased a new stake in shares of CBIZ during the third quarter worth $19,037,000. FMR LLC raised its holdings in shares of CBIZ by 27.4% during the third quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock worth $40,015,000 after acquiring an additional 127,822 shares in the last quarter. Premier Fund Managers Ltd raised its holdings in shares of CBIZ by 14.0% during the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider’s stock worth $54,375,000 after acquiring an additional 100,000 shares in the last quarter. Barclays PLC raised its holdings in shares of CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock worth $5,298,000 after acquiring an additional 61,679 shares in the last quarter. Finally, Artemis Investment Management LLP raised its holdings in shares of CBIZ by 18.5% during the fourth quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider’s stock worth $32,234,000 after acquiring an additional 61,376 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Price Performance

NYSE CBZ opened at $86.53 on Wednesday. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $89.25. The stock’s 50-day moving average is $83.71 and its two-hundred day moving average is $75.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $4.34 billion, a P/E ratio of 36.67 and a beta of 0.95.

Wall Street Analyst Weigh In

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

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.