Neuberger Berman Group LLC Reduces Holdings in CBIZ, Inc. (NYSE:CBZ)

Neuberger Berman Group LLC trimmed its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 83.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,385 shares of the business services provider's stock after selling 680,771 shares during the quarter. Neuberger Berman Group LLC owned about 0.26% of CBIZ worth $10,669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted 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 valued at $53,000 after purchasing an additional 276 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in CBIZ in the fourth quarter worth $60,000. Venturi Wealth Management LLC acquired a new position in CBIZ during the 4th quarter worth approximately $110,000. KBC Group NV lifted its holdings in shares of CBIZ by 30.1% in the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after purchasing an additional 468 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in CBIZ by 31.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider's stock valued at $182,000 after purchasing an additional 529 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Stock Down 0.5 %

Shares of NYSE:CBZ traded down $0.38 during trading on Wednesday, hitting $79.12. The stock had a trading volume of 144,170 shares, compared to its average volume of 328,500. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.28 billion, a PE ratio of 33.53 and a beta of 0.90. The firm's fifty day moving average is $77.31 and its 200 day moving average is $77.47. CBIZ, Inc. has a 12 month low of $62.66 and a 12 month high of $90.13.

Insider Activity at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the firm'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 value of $468,240.50. Following the transaction, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CBZ has been the topic of several research reports. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.

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.