CBIZ, Inc. (NYSE:CBZ) Holdings Decreased by Bancreek Capital Management LP

Bancreek Capital Management LP trimmed its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 38.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,730 shares of the business services provider's stock after selling 58,482 shares during the period. CBIZ makes up about 7.3% of Bancreek Capital Management LP's portfolio, making the stock its 3rd biggest position. Bancreek Capital Management LP owned about 0.18% of CBIZ worth $7,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in CBIZ by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after buying an additional 276 shares during the period. VisionPoint Advisory Group LLC bought a new stake in shares of CBIZ in the 4th quarter worth about $60,000. Quarry LP boosted its stake in shares of CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider's stock worth $74,000 after purchasing an additional 1,077 shares during the period. KBC Group NV grew its holdings in CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock valued at $105,000 after purchasing an additional 356 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in CBIZ in the 4th quarter worth about $110,000. Institutional investors own 87.44% of the company's stock.

CBIZ Trading Down 0.1 %

CBZ traded down $0.07 on Tuesday, reaching $73.98. 517,296 shares of the company traded hands, compared to its average volume of 308,377. The company has a market cap of $3.98 billion, a P/E ratio of 31.35 and a beta of 0.99. 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 one year low of $62.66 and a one year high of $90.13. The firm has a fifty day simple moving average of $80.84 and a two-hundred day simple moving average of $76.64.

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Analyst Ratings Changes

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

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.40% of the company's stock.

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.