Callan Family Office LLC Purchases Shares of 11,934 CBIZ, Inc. (NYSE:CBZ)

Callan Family Office LLC bought a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,934 shares of the business services provider's stock, valued at approximately $977,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CBZ. Welch & Forbes LLC acquired a new stake in shares of CBIZ during the fourth quarter worth $217,000. Geneva Capital Management LLC raised its position in CBIZ by 49.7% in the 4th quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider's stock valued at $34,647,000 after buying an additional 140,493 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of CBIZ in the fourth quarter valued at approximately $395,000. Arizona State Retirement System lifted its position in shares of CBIZ by 1.0% in the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider's stock worth $1,073,000 after purchasing an additional 125 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in CBIZ during the fourth quarter worth $3,824,000. Institutional investors own 87.44% of the company's stock.

Insider Buying and Selling at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.40% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have issued reports on CBZ shares. StockNews.com lowered shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th.

CBIZ Stock Down 1.7 %

Shares of CBIZ stock traded down $1.21 on Wednesday, reaching $68.72. 474,871 shares of the company were exchanged, compared to its average volume of 305,389. CBIZ, Inc. has a one year low of $62.65 and a one year high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $82.90 and a 200 day moving average of $76.64. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 29.12 and a beta of 0.99.

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.