Cannon Global Investment Management LLC Sells 7,100 Shares of CBIZ, Inc. (NYSE:CBZ)

Cannon Global Investment Management LLC lowered its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 64.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,900 shares of the business services provider's stock after selling 7,100 shares during the period. Cannon Global Investment Management LLC's holdings in CBIZ were worth $319,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Royce & Associates LP increased 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 valued at $17,096,000 after purchasing an additional 13,738 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 10,550 shares during the last quarter. Retirement Systems of Alabama increased its position 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 during the period. Victory Capital Management Inc. raised its holdings in CBIZ by 22.2% during the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider's stock worth $3,226,000 after purchasing an additional 8,695 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of CBIZ by 13.1% in the 4th quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock worth $2,580,000 after purchasing an additional 3,663 shares during the period. 87.44% of the stock is currently owned by institutional investors.

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CBIZ Stock Up 0.3 %

Shares of CBIZ stock traded up $0.25 during trading on Wednesday, reaching $74.33. 109,092 shares of the company traded hands, compared to its average volume of 307,607. 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 firm has a market capitalization of $4.00 billion, a PE ratio of 31.50 and a beta of 0.99. The company has a 50 day moving average price of $80.84 and a 200-day moving average price of $76.64. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13.

Insider Activity

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business's 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reaffirmed 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.