CBIZ, Inc. (NYSE:CBZ) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,113,967 shares of the business services provider's stock after selling 11,799 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.22% of CBIZ worth $90,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Geneva Capital Management LLC purchased a new position in CBIZ in the third quarter valued at approximately $19,037,000. FMR LLC boosted its holdings in shares of CBIZ by 27.4% in the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider's stock valued at $40,015,000 after buying an additional 127,822 shares in the last quarter. Premier Fund Managers Ltd boosted its holdings in shares of CBIZ by 14.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock valued at $54,375,000 after buying an additional 100,000 shares in the last quarter. Barclays PLC boosted its holdings in shares of CBIZ by 362.1% in the 3rd quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock valued at $5,298,000 after buying an additional 61,679 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in shares of CBIZ by 18.5% in the 4th quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider's stock valued at $32,234,000 after buying an additional 61,376 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

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

CBIZ Stock Performance

NYSE:CBZ traded down $1.01 during trading hours on Friday, reaching $86.82. 197,426 shares of the company's stock were exchanged, compared to its average volume of 216,343. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 36.79 and a beta of 0.95. The company has a 50-day moving average of $83.39 and a 200 day moving average of $75.48. 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 1-year low of $62.65 and a 1-year high of $89.25.

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.