Inceptionr LLC Takes $395,000 Position in CBIZ, Inc. (NYSE:CBZ)

Inceptionr LLC purchased a new stake in shares of CBIZ, Inc. (NYSE:CBZ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,830 shares of the business services provider’s stock, valued at approximately $395,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBZ. Smartleaf Asset Management LLC increased its holdings in 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 acquiring an additional 276 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new stake in CBIZ in the 4th quarter worth approximately $60,000. Quarry LP increased its holdings in CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,077 shares in the last quarter. KBC Group NV increased its holdings in CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after acquiring an additional 356 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in CBIZ in the 4th quarter worth approximately $110,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Trading Up 1.6 %

CBZ stock opened at $72.78 on Friday. CBIZ, Inc. has a 1-year low of $62.65 and a 1-year high of $90.13. 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 company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 30.84 and a beta of 0.99. The business has a 50 day simple moving average of $83.36 and a two-hundred day simple moving average of $76.63.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CBZ shares. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Thursday, February 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.