CBIZ, Inc. (NYSE:CBZ) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,135 shares of the business services provider's stock after purchasing an additional 8,365 shares during the quarter. King Luther Capital Management Corp owned approximately 0.16% of CBIZ worth $6,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after acquiring an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in CBIZ during the fourth quarter worth approximately $60,000. Quarry LP boosted its holdings in shares of CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after purchasing an additional 1,077 shares during the last quarter. KBC Group NV grew its stake in shares of CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock valued at $105,000 after buying an additional 356 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in shares of CBIZ during the 4th quarter valued at $110,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Trading Down 0.3 %

NYSE:CBZ opened at $69.94 on Wednesday. The business's 50-day moving average is $82.90 and its two-hundred day moving average is $76.64. The firm has a market capitalization of $3.76 billion, a PE ratio of 29.64 and a beta of 0.99. CBIZ, Inc. has a 12 month low of $62.65 and a 12 month high of $90.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

Insider Buying and Selling at CBIZ

In other CBIZ news, 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 value of $468,240.50. Following the completion of the transaction, the director now directly owns 41,759 shares of the company's stock, valued at $2,996,208.25. This represents a 13.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Remove Ads

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.