CBIZ, Inc. (NYSE:CBZ) Stake Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,523 shares of the business services provider's stock after buying an additional 3,663 shares during the period. Principal Financial Group Inc. owned about 0.06% of CBIZ worth $2,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in CBIZ by 0.9% during the third quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock worth $76,095,000 after purchasing an additional 10,555 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CBIZ by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider's stock valued at $74,644,000 after acquiring an additional 11,615 shares during the last quarter. Premier Fund Managers Ltd raised its stake in CBIZ by 14.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock valued at $54,375,000 after purchasing an additional 100,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in CBIZ by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock worth $47,432,000 after acquiring an additional 48,979 shares during the period. Finally, FMR LLC lifted its position in CBIZ by 27.4% during the third quarter. FMR LLC now owns 594,660 shares of the business services provider's stock worth $40,015,000 after buying an additional 127,822 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com downgraded CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th.

CBIZ Stock Performance

CBZ traded up $1.12 during trading hours on Friday, hitting $72.78. 400,676 shares of the stock were exchanged, compared to its average volume of 296,313. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 30.84 and a beta of 0.99. CBIZ, Inc. has a 12 month low of $62.65 and a 12 month high of $90.13. The stock has a 50-day simple moving average of $83.55 and a 200-day simple moving average of $76.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

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.