KLP Kapitalforvaltning AS Makes New $769,000 Investment in CBIZ, Inc. (NYSE:CBZ)

KLP Kapitalforvaltning AS acquired a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,400 shares of the business services provider's stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arizona State Retirement System lifted its stake in shares of CBIZ by 1.0% in the 4th quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider's stock valued at $1,073,000 after purchasing an additional 125 shares during the period. Corient Private Wealth LLC increased its holdings in CBIZ by 1.4% in the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider's stock valued at $778,000 after purchasing an additional 128 shares during the last quarter. Kensington Investment Counsel LLC lifted its stake in CBIZ by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider's stock valued at $1,654,000 after buying an additional 132 shares during the period. SG Americas Securities LLC boosted its holdings in CBIZ by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider's stock worth $208,000 after buying an additional 170 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of CBIZ by 75.0% during the 4th 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. 87.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was 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 $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.40% of the company's stock.

CBIZ Stock Down 1.8 %

Shares of NYSE CBZ traded down $1.36 during mid-day trading on Friday, reaching $72.50. 677,712 shares of the company's stock were exchanged, compared to its average volume of 322,890. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month 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 firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 30.72 and a beta of 0.90. The business has a fifty day simple moving average of $79.31 and a 200 day simple moving average of $77.03.

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.