Rice Hall James & Associates LLC trimmed its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,745 shares of the business services provider's stock after selling 12,331 shares during the period. Rice Hall James & Associates LLC owned approximately 0.09% of CBIZ worth $3,498,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of CBIZ by 0.9% in the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock worth $76,095,000 after buying an additional 10,555 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CBIZ by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,125,766 shares of the business services provider's stock worth $75,753,000 after buying an additional 11,401 shares during the last quarter. Geode Capital Management LLC lifted its position in CBIZ by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider's stock valued at $74,644,000 after purchasing an additional 11,615 shares in the last quarter. Premier Fund Managers Ltd lifted its position in CBIZ by 14.0% during the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock valued at $54,375,000 after purchasing an additional 100,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in CBIZ by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock valued at $47,432,000 after purchasing an additional 48,979 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
CBIZ Trading Down 1.9 %
NYSE CBZ traded down $1.59 during trading hours on Friday, hitting $83.89. 514,121 shares of the company were exchanged, compared to its average volume of 249,936. The stock has a 50-day moving average price of $84.01 and a 200 day moving average price of $75.88. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week high of $89.25. The stock has a market cap of $4.21 billion, a PE ratio of 35.55 and a beta of 0.95.
Analysts Set New Price Targets
Separately, StockNews.com raised CBIZ from a "sell" rating to a "hold" rating in a report on Friday, December 27th.
View Our Latest Analysis on CBIZ
About CBIZ
(
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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