Proficio Capital Partners LLC Acquires Shares of 46,725 CBIZ, Inc. (NYSE:CBZ)

Proficio Capital Partners LLC bought a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 46,725 shares of the business services provider's stock, valued at approximately $3,824,000. Proficio Capital Partners LLC owned about 0.09% of CBIZ at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC bought a new stake in CBIZ during the fourth quarter valued at approximately $60,000. Quarry LP lifted its position in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after purchasing an additional 1,077 shares during the last quarter. KBC Group NV lifted its holdings in shares of CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock worth $105,000 after acquiring an additional 356 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of CBIZ in the 4th quarter worth approximately $110,000. Finally, US Bancorp DE lifted its holdings in shares of CBIZ by 16.1% in the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider's stock worth $121,000 after acquiring an additional 249 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Trading Up 1.6 %

Shares of CBZ traded up $1.12 during mid-day trading on Friday, reaching $72.78. The company's stock had a trading volume of 400,676 shares, compared to its average volume of 296,313. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week high of $90.13. The company's fifty day moving average price is $83.55 and its two-hundred day moving average price is $76.57. The stock has a market cap of $3.91 billion, a PE ratio of 30.84 and a beta of 0.99.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of 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 report 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.