Bryce Point Capital LLC Takes $288,000 Position in CBIZ, Inc. (NYSE:CBZ)

Bryce Point Capital LLC purchased a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,524 shares of the business services provider's stock, valued at approximately $288,000.

A number of other large investors have also recently modified their holdings of CBZ. Vanguard Group Inc. grew its stake in shares of CBIZ by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock worth $385,948,000 after acquiring an additional 43,784 shares during the period. State Street Corp grew its stake 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 worth $76,095,000 after acquiring an additional 10,555 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CBIZ by 1.1% in the 3rd 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 period. JPMorgan Chase & Co. boosted its holdings 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 in the last quarter. Finally, FMR LLC raised its stake in CBIZ by 27.4% in the 3rd 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. Institutional investors own 87.44% of the company's stock.

Analyst Ratings Changes

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

CBIZ Trading Down 2.6 %

Shares of CBZ stock traded down $2.00 during mid-day trading on Thursday, hitting $74.12. 108,352 shares of the company's stock were exchanged, compared to its average volume of 325,116. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 31.26 and a beta of 0.90. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. 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 stock has a 50-day simple moving average of $78.01 and a two-hundred day simple moving average of $77.15.

Insider Activity

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the firm's stock in a transaction dated 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 owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.