Bank Julius Baer & Co. Ltd Zurich Purchases 19,444 Shares of CBIZ, Inc. (NYSE:CBZ)

Bank Julius Baer & Co. Ltd Zurich increased its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,368 shares of the business services provider's stock after buying an additional 19,444 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.30% of CBIZ worth $12,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama lifted its position in shares of CBIZ by 10.3% during the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock valued at $5,800,000 after buying an additional 8,032 shares in the last quarter. Victory Capital Management Inc. boosted its position in CBIZ by 22.2% in the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider's stock valued at $3,226,000 after buying an additional 8,695 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of CBIZ by 13.1% during the 4th quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock worth $2,580,000 after acquiring an additional 3,663 shares in the last quarter. Quantbot Technologies LP grew its position in shares of CBIZ by 960.9% in the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider's stock valued at $2,614,000 after purchasing an additional 35,188 shares in the last quarter. Finally, Citigroup Inc. raised its position in CBIZ by 205.1% in the third quarter. Citigroup Inc. now owns 53,204 shares of the business services provider's stock valued at $3,580,000 after purchasing an additional 35,768 shares during the period. 87.44% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now directly owns 41,759 shares of the company's stock, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CBZ has been the topic of several analyst reports. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Price Performance

Shares of NYSE CBZ traded down $1.21 during mid-day trading on Wednesday, hitting $68.72. 474,873 shares of the stock traded hands, compared to its average volume of 307,765. 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 cap of $3.69 billion, a PE ratio of 29.12 and a beta of 0.99. CBIZ, Inc. has a twelve month low of $62.65 and a twelve month high of $90.13. The firm has a 50 day simple moving average of $82.90 and a two-hundred day simple moving average of $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.