Intech Investment Management LLC Has $1.89 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Intech Investment Management LLC raised its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 128.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,064 shares of the business services provider's stock after acquiring an additional 12,974 shares during the period. Intech Investment Management LLC's holdings in CBIZ were worth $1,887,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in shares of CBIZ by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after purchasing an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in CBIZ during the fourth quarter worth about $60,000. Quarry LP increased its holdings in shares of CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider's stock worth $74,000 after buying an additional 1,077 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of CBIZ during the fourth quarter worth approximately $110,000. Finally, KBC Group NV raised its stake in shares of CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock valued at $105,000 after acquiring an additional 356 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Price Performance

Shares of CBZ stock traded down $0.07 during trading hours on Tuesday, reaching $73.98. 517,296 shares of the company were exchanged, compared to its average volume of 307,423. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The stock's fifty day moving average is $81.01 and its two-hundred day moving average is $76.60. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 31.35 and a beta of 0.99.

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Insider Transactions at CBIZ

In related 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 completion of the sale, the director now directly owns 41,759 shares of the company's stock, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBZ shares. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th.

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.