Blair William & Co. IL Raises Stock Position in CBIZ, Inc. (NYSE:CBZ)

Blair William & Co. IL raised its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 422,866 shares of the business services provider's stock after purchasing an additional 17,024 shares during the quarter. Blair William & Co. IL owned 0.84% of CBIZ worth $34,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBZ. Royce & Associates LP lifted its holdings in CBIZ by 7.0% in the fourth quarter. Royce & Associates LP now owns 208,919 shares of the business services provider's stock worth $17,096,000 after buying an additional 13,738 shares during the period. Charles Schwab Investment Management Inc. grew its position in CBIZ by 2.0% during the 4th 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 last quarter. Retirement Systems of Alabama increased its stake in 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 purchasing an additional 8,032 shares in the last quarter. Principal Financial Group Inc. raised its holdings in CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock worth $2,580,000 after buying an additional 3,663 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in shares of CBIZ by 11.3% in the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock worth $6,721,000 after buying an additional 8,365 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CBIZ 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 completion of the sale, the director now directly owns 41,759 shares of the company's stock, valued at $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 is available through the SEC website. 5.40% of the stock is currently owned by company insiders.

CBIZ Price Performance

Shares of NYSE CBZ traded up $1.12 during midday trading on Tuesday, reaching $76.98. The stock had a trading volume of 127,501 shares, compared to its average volume of 315,674. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The stock has a 50-day moving average of $80.10 and a 200-day moving average of $76.91. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 32.62 and a beta of 0.99.

Analyst Ratings Changes

CBZ has been the subject of a number of recent analyst reports. StockNews.com lowered shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th.

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.