CBIZ, Inc. (NYSE:CBZ) Shares Sold by Bancreek Capital Management LP

Bancreek Capital Management LP lowered its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 38.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,730 shares of the business services provider's stock after selling 58,482 shares during the quarter. CBIZ comprises about 7.3% of Bancreek Capital Management LP's holdings, making the stock its 3rd biggest holding. Bancreek Capital Management LP owned approximately 0.18% of CBIZ worth $7,506,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CBZ. State Street Corp boosted its holdings in CBIZ by 0.9% in the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock valued at $76,095,000 after purchasing an additional 10,555 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CBIZ by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider's stock valued at $74,644,000 after acquiring an additional 11,615 shares during the last quarter. JPMorgan Chase & Co. grew its position in CBIZ by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock worth $47,432,000 after acquiring an additional 48,979 shares during the period. FMR LLC increased its stake in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in CBIZ by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock valued at $43,851,000 after purchasing an additional 10,550 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.40% of the company's stock.

CBIZ Stock Up 0.3 %

Shares of CBZ stock traded up $0.26 during trading on Wednesday, reaching $74.34. The company's stock had a trading volume of 236,548 shares, compared to its average volume of 308,069. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 31.50 and a beta of 0.99. CBIZ, Inc. has a 1-year low of $62.66 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 stock's 50-day moving average price is $80.84 and its 200 day moving average price is $76.64.

CBIZ 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.