ExodusPoint Capital Management LP Acquires New Stake in CBIZ, Inc. (NYSE:CBZ)

ExodusPoint Capital Management LP bought a new position in CBIZ, Inc. (NYSE:CBZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 44,411 shares of the business services provider's stock, valued at approximately $3,634,000. ExodusPoint Capital Management LP owned approximately 0.09% of CBIZ at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP grew its holdings in CBIZ by 7.0% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CBIZ by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider's stock worth $43,851,000 after buying an additional 10,550 shares in the last quarter. Retirement Systems of Alabama increased its stake in CBIZ by 10.3% during the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock worth $5,800,000 after acquiring an additional 8,032 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CBIZ by 13.1% during the 4th 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 during the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of CBIZ by 11.3% in the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock valued at $6,721,000 after acquiring an additional 8,365 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Stock Up 3.1 %

CBZ traded up $2.37 during trading on Friday, hitting $77.81. The stock had a trading volume of 360,726 shares, compared to its average volume of 327,225. The stock has a 50 day simple moving average of $77.64 and a two-hundred day simple moving average of $77.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The company has a market capitalization of $4.21 billion, a PE ratio of 32.97 and a beta of 0.90.

Insider Activity

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the business's 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded 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 report on Thursday, February 27th.

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.