Bessemer Group Inc. Has $33.69 Million Position in CBIZ, Inc. (NYSE:CBZ)

Bessemer Group Inc. boosted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,703 shares of the business services provider's stock after acquiring an additional 11,499 shares during the quarter. Bessemer Group Inc. owned 0.82% of CBIZ worth $33,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CBIZ by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock worth $385,948,000 after buying an additional 43,784 shares in the last quarter. State Street Corp increased its holdings in shares of CBIZ by 0.9% during the third quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock worth $76,095,000 after purchasing an additional 10,555 shares during the period. Geode Capital Management LLC raised its position in shares of 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 buying an additional 11,615 shares in the last quarter. Invesco Ltd. boosted its stake in shares of CBIZ by 157.2% in the fourth quarter. Invesco Ltd. now owns 769,209 shares of the business services provider's stock valued at $62,944,000 after buying an additional 470,095 shares during the period. Finally, JPMorgan Chase & Co. grew its position in CBIZ by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock worth $47,432,000 after buying an additional 48,979 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CBZ. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair reissued an "outperform" rating on shares of CBIZ in a report on Thursday, February 27th.

Insider Activity at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the business's stock in a transaction 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 sale, the director now owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.40% of the stock is currently owned by insiders.

CBIZ Price Performance

Shares of CBZ stock traded up $0.20 during trading hours on Tuesday, reaching $79.84. The company's stock had a trading volume of 183,632 shares, compared to its average volume of 327,637. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The firm's 50 day simple moving average is $77.49 and its 200-day simple moving average is $77.45. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 33.83 and a beta of 0.90.

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.