CBIZ, Inc. (NYSE:CBZ) Stock Position Increased by Bridge City Capital LLC

Bridge City Capital LLC raised its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 84,479 shares of the business services provider's stock after purchasing an additional 6,451 shares during the period. CBIZ accounts for approximately 1.8% of Bridge City Capital LLC's holdings, making the stock its 13th biggest holding. Bridge City Capital LLC owned 0.17% of CBIZ worth $6,913,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CBZ. KLP Kapitalforvaltning AS bought a new stake in CBIZ in the fourth quarter valued at about $769,000. Sei Investments Co. grew its position in shares of CBIZ by 1.5% in the 4th quarter. Sei Investments Co. now owns 37,401 shares of the business services provider's stock worth $3,061,000 after acquiring an additional 549 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of CBIZ in the 4th quarter valued at approximately $484,000. Xponance Inc. raised its position in shares of CBIZ by 9.6% during the 4th quarter. Xponance Inc. now owns 3,425 shares of the business services provider's stock valued at $280,000 after acquiring an additional 299 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in CBIZ by 128.6% during the fourth quarter. Intech Investment Management LLC now owns 23,064 shares of the business services provider's stock worth $1,887,000 after purchasing an additional 12,974 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Stock Performance

NYSE:CBZ traded up $0.91 during midday trading on Thursday, reaching $75.19. 193,917 shares of the company traded hands, compared to its average volume of 307,422. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 31.86 and a beta of 0.99. The company has a fifty day moving average price of $80.45 and a 200 day moving average price of $76.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CBZ shares. StockNews.com lowered shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th.

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.40% of the company's stock.

CBIZ 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.