Royce & Associates LP Has $17.10 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Royce & Associates LP increased its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,919 shares of the business services provider's stock after buying an additional 13,738 shares during the quarter. Royce & Associates LP owned approximately 0.42% of CBIZ worth $17,096,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC acquired a new stake in CBIZ during the 4th quarter valued at $225,000. Swiss National Bank lifted its holdings in CBIZ by 0.7% during the 4th quarter. Swiss National Bank now owns 88,900 shares of the business services provider's stock valued at $7,275,000 after purchasing an additional 600 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in CBIZ by 47.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,747 shares of the business services provider's stock valued at $388,000 after purchasing an additional 1,536 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in CBIZ by 92.4% during the 4th quarter. Great Lakes Advisors LLC now owns 46,307 shares of the business services provider's stock valued at $3,789,000 after purchasing an additional 22,238 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in CBIZ by 11.3% during the 4th quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock valued at $6,721,000 after purchasing an additional 8,365 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

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CBIZ Stock Performance

CBZ stock traded down $0.61 during trading hours on Thursday, hitting $72.90. 391,855 shares of the stock were exchanged, compared to its average volume of 306,274. 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 firm has a market capitalization of $3.92 billion, a P/E ratio of 30.89 and a beta of 0.99. The company has a 50-day simple moving average of $81.57 and a two-hundred day simple moving average of $76.56. CBIZ, Inc. has a 12 month low of $62.66 and a 12 month high of $90.13.

Insider Buying and Selling

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.