CBIZ, Inc. (NYSE:CBZ) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 535,880 shares of the business services provider's stock after acquiring an additional 10,550 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.07% of CBIZ worth $43,851,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its stake in CBIZ by 75.0% in 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 period. Versor Investments LP purchased a new position in CBIZ in the 4th quarter worth about $637,000. Proficio Capital Partners LLC purchased a new position in CBIZ in the 4th quarter worth about $3,824,000. Millington Financial Advisors LLC increased its stake in CBIZ by 1.6% in the 4th quarter. Millington Financial Advisors LLC now owns 30,529 shares of the business services provider's stock worth $2,625,000 after buying an additional 475 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new position in CBIZ in the 4th quarter worth about $60,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Buying and Selling at CBIZ

In other 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 value of $468,240.50. Following the sale, the director now directly owns 41,759 shares in the company, 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 accessible through this hyperlink. Insiders own 5.40% of the company's stock.

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Wall Street Analyst Weigh In

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

CBIZ Stock Up 1.3 %

NYSE CBZ traded up $0.95 during trading on Tuesday, reaching $72.06. 300,782 shares of the company's stock traded hands, compared to its average volume of 307,248. 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 cap of $3.87 billion, a price-to-earnings ratio of 30.53 and a beta of 0.99. The company's 50 day simple moving average is $81.93 and its two-hundred day simple moving average is $76.60. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13.

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.