147,815 Shares in CBIZ, Inc. (NYSE:CBZ) Bought by Norges Bank

Norges Bank bought a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 147,815 shares of the business services provider's stock, valued at approximately $12,096,000. Norges Bank owned approximately 0.29% of CBIZ at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake 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 acquired a new position in CBIZ in the fourth quarter worth approximately $60,000. Quarry LP increased its holdings in shares of CBIZ by 6,335.3% in the third quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after buying an additional 1,077 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of CBIZ in the fourth quarter valued at $110,000. Finally, KBC Group NV lifted its position in shares of CBIZ by 30.1% during the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock valued at $165,000 after acquiring an additional 468 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 value of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This represents a 13.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CBZ. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

CBIZ Trading Up 3.1 %

CBIZ stock traded up $2.37 during midday trading on Friday, reaching $77.81. The stock had a trading volume of 360,726 shares, compared to its average volume of 327,225. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month 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 firm has a market cap of $4.21 billion, a price-to-earnings ratio of 32.97 and a beta of 0.90. The firm's fifty day simple moving average is $77.64 and its two-hundred day simple moving average is $77.29.

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.