CBIZ, Inc. (NYSE:CBZ) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 133.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,225 shares of the business services provider's stock after acquiring an additional 20,678 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of CBIZ worth $2,964,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of 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 acquired a new position in shares of CBIZ in the 4th quarter valued at $60,000. Venturi Wealth Management LLC purchased a new stake in shares of CBIZ during the 4th quarter valued at $110,000. KBC Group NV increased its holdings in shares of CBIZ by 30.1% during the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after buying an additional 468 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider's stock worth $182,000 after buying an additional 529 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CBZ. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a report on Thursday, February 27th.

Insider Buying and Selling at CBIZ

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 value of $468,240.50. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.95% of the stock is currently owned by corporate insiders.

CBIZ Stock Down 0.1 %

Shares of NYSE:CBZ traded down $0.09 during midday trading on Tuesday, hitting $74.41. 178,237 shares of the company's stock traded hands, compared to its average volume of 330,989. The firm's fifty day moving average price is $76.45 and its two-hundred day moving average price is $77.85. 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 twelve month low of $62.66 and a twelve month high of $90.13. The company has a market cap of $4.02 billion, a PE ratio of 31.56 and a beta of 0.90.

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.