Bridge City Capital LLC grew its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,479 shares of the business services provider's stock after purchasing an additional 6,451 shares during the quarter. CBIZ makes up about 1.8% of Bridge City Capital LLC's portfolio, making the stock its 13th biggest holding. Bridge City Capital LLC owned approximately 0.17% of CBIZ worth $6,913,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Royce & Associates LP boosted its position in CBIZ by 7.0% during the fourth quarter. Royce & Associates LP now owns 208,919 shares of the business services provider's stock worth $17,096,000 after acquiring an additional 13,738 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CBIZ by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock worth $43,851,000 after purchasing an additional 10,550 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of CBIZ by 10.3% in the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock valued at $5,800,000 after purchasing an additional 8,032 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of CBIZ by 22.2% in the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider's stock valued at $3,226,000 after purchasing an additional 8,695 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider's stock valued at $2,580,000 after purchasing an additional 3,663 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.
Analyst Ratings Changes
CBZ has been the subject of several analyst reports. William Blair restated an "outperform" rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.
Read Our Latest Research Report on CBZ
CBIZ Trading Down 0.1 %
Shares of NYSE CBZ traded down $0.07 during midday trading on Tuesday, reaching $73.98. 489,045 shares of the stock were exchanged, compared to its average volume of 307,423. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The stock has a market capitalization of $3.98 billion, a P/E ratio of 31.35 and a beta of 0.99. The company has a 50 day simple moving average of $81.01 and a 200 day simple moving average of $76.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.
Insider Transactions at CBIZ
In other news, Director Benaree Pratt Wiley sold 6,526 shares of the business's 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 sale, the director now directly owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.40% of the company's stock.
CBIZ Profile
(
Free Report)
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.
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