4,484 Shares in CBIZ, Inc. (NYSE:CBZ) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,484 shares of the business services provider's stock, valued at approximately $367,000.

Several other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in 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 buying an additional 8,695 shares during the period. Quest Partners LLC lifted its position in shares of CBIZ by 710.8% during the 3rd quarter. Quest Partners LLC now owns 3,746 shares of the business services provider's stock valued at $252,000 after acquiring an additional 3,284 shares during the period. Pathstone Holdings LLC boosted its stake in CBIZ by 14.1% during the third quarter. Pathstone Holdings LLC now owns 23,645 shares of the business services provider's stock worth $1,591,000 after acquiring an additional 2,927 shares in the last quarter. Intech Investment Management LLC acquired a new stake in CBIZ in the third quarter worth $679,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in CBIZ by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 525,330 shares of the business services provider's stock worth $35,349,000 after purchasing an additional 9,872 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

Analysts Set New Price Targets

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

CBIZ Stock Up 1.2 %

CBZ stock traded up $0.91 during midday trading on Thursday, reaching $75.19. 193,917 shares of the company's stock traded hands, compared to its average volume of 307,560. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $80.64 and its 200-day moving average price is $76.62. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 31.86 and a beta of 0.99.

Insider Transactions at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is currently owned by insiders.

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.