Great Lakes Advisors LLC Acquires 22,238 Shares of CBIZ, Inc. (NYSE:CBZ)

Great Lakes Advisors LLC lifted its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 92.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,307 shares of the business services provider's stock after purchasing an additional 22,238 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.09% of CBIZ worth $3,789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. King Luther Capital Management Corp grew its stake in CBIZ by 11.3% in the 4th quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider's stock valued at $6,721,000 after buying an additional 8,365 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in CBIZ by 14.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 152,368 shares of the business services provider's stock valued at $12,564,000 after buying an additional 19,444 shares during the last quarter. Callan Family Office LLC acquired a new position in CBIZ in the 4th quarter valued at $977,000. Welch & Forbes LLC acquired a new position in CBIZ in the 4th quarter valued at $217,000. Finally, Geneva Capital Management LLC grew its stake in CBIZ by 49.7% in the 4th quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider's stock valued at $34,647,000 after buying an additional 140,493 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CBZ. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com lowered shares of CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

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Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.40% of the company's stock.

CBIZ Stock Performance

CBIZ stock traded up $1.49 during mid-day trading on Wednesday, reaching $73.53. The company had a trading volume of 383,572 shares, compared to its average volume of 312,471. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week high of $90.13. The company has a 50 day moving average of $81.76 and a 200-day moving average of $76.58. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 31.16 and a beta of 0.99.

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.