GW&K Investment Management LLC Lowers Stock Position in CBIZ, Inc. (NYSE:CBZ)

GW&K Investment Management LLC decreased its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 814,705 shares of the business services provider's stock after selling 3,523 shares during the quarter. GW&K Investment Management LLC owned 1.62% of CBIZ worth $66,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CBZ. Retirement Systems of Alabama increased its holdings in CBIZ by 10.3% in the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock valued at $5,800,000 after buying an additional 8,032 shares during the period. Victory Capital Management Inc. increased 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 valued at $3,226,000 after buying an additional 8,695 shares during the period. Cannon Global Investment Management LLC bought a new position in CBIZ in the 3rd quarter valued at about $740,000. Quantbot Technologies LP increased its holdings in CBIZ by 960.9% in the 3rd quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider's stock valued at $2,614,000 after buying an additional 35,188 shares during the period. Finally, Citigroup Inc. increased its holdings in CBIZ by 205.1% in the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider's stock valued at $3,580,000 after buying an additional 35,768 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Trading Down 1.7 %

NYSE:CBZ traded down $1.36 during mid-day trading on Monday, hitting $76.81. 361,259 shares of the company's stock were exchanged, compared to its average volume of 281,116. The firm has a market capitalization of $3.85 billion, a P/E ratio of 32.55 and a beta of 0.95. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $84.09 and a 200-day simple moving average of $76.59.

Analyst Ratings Changes

Several research firms have commented on CBZ. StockNews.com lowered shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair reissued an "outperform" rating on shares of CBIZ in a report on Thursday.

About CBIZ

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.