Retirement Systems of Alabama Decreases Position in CBIZ, Inc. (NYSE:CBZ)

Retirement Systems of Alabama decreased its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 31.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,288 shares of the business services provider's stock after selling 26,906 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of CBIZ worth $4,852,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. One Wealth Advisors LLC purchased a new stake in shares of CBIZ in the 4th quarter valued at approximately $240,000. KBC Group NV grew its stake in shares of CBIZ by 30.1% in the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock valued at $165,000 after buying an additional 468 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of CBIZ by 20.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 40,030 shares of the business services provider's stock valued at $3,276,000 after buying an additional 6,837 shares during the period. SG Americas Securities LLC grew its stake in shares of CBIZ by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider's stock valued at $208,000 after buying an additional 170 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake 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 valued at $182,000 after buying an additional 529 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Trading Down 1.1 %

Shares of NYSE:CBZ traded down $1.01 during mid-day trading on Friday, reaching $86.82. 197,426 shares of the company were exchanged, compared to its average volume of 240,024. 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 $4.36 billion, a price-to-earnings ratio of 36.79 and a beta of 0.95. The firm's 50-day simple moving average is $83.39 and its 200 day simple moving average is $75.56. CBIZ, Inc. has a 1 year low of $62.65 and a 1 year high of $89.25.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CBIZ from a "sell" rating to a "hold" rating in a research note on Friday, December 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.