Cibc World Markets Corp Takes Position in CBIZ, Inc. (NYSE:CBZ)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP grew 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 valued at $17,096,000 after buying an additional 13,738 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 valued at $43,851,000 after acquiring an additional 10,550 shares during the period. Retirement Systems of Alabama increased its stake in shares of CBIZ by 10.3% in the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock worth $5,800,000 after purchasing an additional 8,032 shares in the last quarter. Victory Capital Management Inc. raised its holdings in CBIZ by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider's stock worth $3,226,000 after purchasing an additional 8,695 shares during the period. Finally, Principal Financial Group Inc. lifted its position in CBIZ by 13.1% during 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 in the last quarter. 87.44% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CBZ shares. William Blair reaffirmed 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 note on Tuesday, February 25th.

CBIZ Trading Down 0.1 %

Shares of CBIZ stock traded down $0.10 on Tuesday, reaching $73.96. The company had a trading volume of 96,272 shares, compared to its average volume of 307,423. 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 1 year low of $62.66 and a 1 year high of $90.13. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 31.34 and a beta of 0.99. The firm's 50-day moving average price is $81.01 and its two-hundred day moving average price is $76.60.

Insider Activity 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 shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of 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 legal filing with the SEC, which is accessible through this link. 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.