Benaree Pratt Wiley Sells 6,526 Shares of CBIZ, Inc. (NYSE:CBZ) Stock

CBIZ, Inc. (NYSE:CBZ - Get Free Report) Director Benaree Pratt Wiley sold 6,526 shares of the company'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 sale, the director now owns 41,759 shares of the company's stock, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CBIZ Price Performance

Shares of CBZ traded up $0.99 during mid-day trading on Friday, hitting $69.45. 374,560 shares of the company traded hands, compared to its average volume of 309,960. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $82.38 and a 200 day moving average of $76.53. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 29.43 and a beta of 0.99.

Institutional Investors Weigh In On CBIZ

A number of institutional investors and hedge funds have recently modified their holdings of CBZ. McIlrath & Eck LLC raised its stake in CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock worth $46,000 after buying an additional 367 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after buying an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of CBIZ in the 4th quarter valued at approximately $60,000. Quarry LP grew its stake in shares of CBIZ by 6,335.3% in the third quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after buying an additional 1,077 shares in the last quarter. Finally, KBC Group NV raised its position in CBIZ by 29.7% during the third quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock worth $105,000 after acquiring an additional 356 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CBZ shares. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a report 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.