Handelsbanken Fonder AB Grows Stake in CBIZ, Inc. (NYSE:CBZ)

Handelsbanken Fonder AB raised its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,000 shares of the business services provider's stock after purchasing an additional 30,000 shares during the period. Handelsbanken Fonder AB owned 0.64% of CBIZ worth $26,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama raised its holdings in shares of CBIZ by 10.3% during the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider's stock valued at $5,800,000 after acquiring an additional 8,032 shares in the last quarter. Victory Capital Management Inc. increased its position in CBIZ by 22.2% during 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 purchasing an additional 8,695 shares during the period. Cannon Global Investment Management LLC bought a new position in CBIZ in the 3rd quarter worth $740,000. Quantbot Technologies LP lifted its position in shares of CBIZ by 960.9% in the 3rd quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider's stock worth $2,614,000 after purchasing an additional 35,188 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of CBIZ by 205.1% during the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider's stock valued at $3,580,000 after purchasing an additional 35,768 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CBIZ from a "sell" rating to a "hold" rating in a research note on Friday, December 27th.

CBIZ Stock Down 1.9 %

Shares of CBZ traded down $1.59 on Friday, reaching $83.89. The stock had a trading volume of 514,121 shares, compared to its average volume of 249,936. 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 12-month low of $62.65 and a 12-month high of $89.25. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 35.55 and a beta of 0.95. The company has a 50-day simple moving average of $84.10 and a 200-day simple moving average of $75.98.

CBIZ Company 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.