Geneva Capital Management LLC Buys 140,493 Shares of CBIZ, Inc. (NYSE:CBZ)

Geneva Capital Management LLC grew its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 49.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 423,407 shares of the business services provider's stock after purchasing an additional 140,493 shares during the period. Geneva Capital Management LLC owned approximately 0.84% of CBIZ worth $34,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CBZ. Smartleaf Asset Management LLC boosted its position in shares of CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after buying an additional 276 shares during the period. VisionPoint Advisory Group LLC acquired a new position in CBIZ during the 4th quarter worth $60,000. Quarry LP boosted its stake in CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after purchasing an additional 1,077 shares during the period. KBC Group NV increased its position in CBIZ by 29.7% during the third quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock worth $105,000 after acquiring an additional 356 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in CBIZ during the fourth quarter worth about $110,000. Institutional investors own 87.44% of the company's stock.

CBIZ Stock Performance

Shares of CBZ stock traded down $2.49 during midday trading on Monday, hitting $70.16. 457,011 shares of the company were exchanged, compared to its average volume of 299,882. The firm's 50 day moving average price is $83.36 and its two-hundred day moving average price is $76.67. The firm has a market capitalization of $3.77 billion, a P/E ratio of 29.73 and a beta of 0.99. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week high of $90.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. William Blair reissued an "outperform" rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.

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.