StockNews.com downgraded shares of CBIZ (NYSE:CBZ - Free Report) from a hold rating to a sell rating in a research note published on Tuesday.
CBIZ Stock Up 0.2 %
Shares of CBZ traded up $0.13 during midday trading on Tuesday, hitting $78.24. 607,999 shares of the company's stock traded hands, compared to its average volume of 279,064. CBIZ has a 1 year low of $62.65 and a 1 year high of $90.13. The firm's fifty day moving average is $84.16 and its 200-day moving average is $76.42. 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 stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 33.15 and a beta of 0.95.
Institutional Investors Weigh In On CBIZ
Institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in CBIZ by 1.0% in the 4th quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider's stock worth $1,073,000 after acquiring an additional 125 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of CBIZ by 1.4% during the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider's stock worth $778,000 after purchasing an additional 128 shares during the period. Kensington Investment Counsel LLC boosted its position in CBIZ by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider's stock valued at $1,654,000 after buying an additional 132 shares during the last quarter. SG Americas Securities LLC lifted its stake in CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider's stock valued at $208,000 after acquiring an additional 170 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of CBIZ by 9.4% in the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock valued at $182,000 after acquiring an additional 191 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.
About CBIZ
(
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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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